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Oil prices drop following Saudi Arabia raising crude output
Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output
Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.
Oil prices drop following Saudi Arabia raising crude output: Report
Oil prices fell Thursday morning, just hours after a new report revealed Saudi Arabia, the world’s largest crude exporter, is considering increasing production later this year. The move comes just weeks after the nation and eight other members of OPEC+ agreed to temporarily pause oil output hikes,
Oil prices turn sharply lower on reports Saudi Arabia set to raise output
Crude oil prices fall as OPEC+ plans production hike, Saudi Arabia to raise output, while Libya and China developments impact market sentiment.
Oil steadies
Oil steadies, but heads for losing week on prospect of increased supply
Oil futures ticked higher Friday, but remained on track for weekly losses on expectations OPEC+ will boost production before year-end as investors cast doubt on whether an aggressive round of monetary stimulus from China will shore up demand from the world’s largest crude importer.
U.S. crude oil heads for weekly loss as Saudi supplies look set to return
Prices have fallen even as conflict in the Middle East escalates, with Israel and Hezbollah trading blows in Lebanon.
Oil steady but on track for weekly drop on firmer supply outlook
Oil prices held on Friday but remained on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group against fresh stimulus from top importer China.
20h
on MSN
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
Crude Oil Prices
5h
Oil Prices Dip on Talks of a Middle East Ceasefire
Hopes for a ceasefire in the Middle East, combined with potential Saudi production increases and Libyan export restarts, are ...
17h
on MSN
Stocks climb to records with Micron rally; oil prices fall
A widely followed global stock index and the S&P 500 hit record highs on Thursday after chipmaker Micron Technology's upbeat ...
6h
on MSN
Crude prices fall, pulling back from highest levels in more than a year
Oil prices surged to their highest level in over a year after crude stocks at a key storage hub fell to their lowest since ...
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