oil prices saudi news

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.

Washington Examiner on MSN · 1d

Oil prices drop following report Saudi Arabia will raise crude output

Prices of oil continue to drop after a new report revealed Saudi Arabia is considering increasing production later this year.

Seeking Alpha · 1d

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.

Crude oil prices today

Markets Insider on MSN · 1d

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 much as 4% on Thursday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview

USA Today · 13h

Crude oil prices today: WTI is trading at $67.30

WTI futures traded at $67.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 8.36%. Brent futures traded at $70.78/bbl, a drop of 0.84% in the last 24 hours. Year to date, Brent prices are down by 10.

Reuters on MSN · 1d

Oil prices slide 3% on prospect of more OPEC+ oil

Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.

7hon MSN

Decline in oil prices halts in wake of Israel hitting Hezbollah headquarters

The drop in oil prices was halted on Friday after Israel‘s strikes against Hezbollah‘s headquarters in Lebanon, but prices of ...

Crude Oil Prices21h

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 ...

Newsweek on MSN1d

Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production

Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.

Seeking Alpha on MSN1d

Commodity Roundup: Oil extends losses on prospect of more supply from Saudi and Libya, gold rallies

Oil prices slipped on Thursday, extending losses from the previous session, after reports suggested Saudi Arabia, the world's ...

Crude Oil Prices5h

Oversupply Fears Are Pushing Oil Prices Lower

Oil prices are under pressure after reports that Saudi Arabia may be returning to its strategy of securing market share, sparking oversupply concerns.

7hon MSN

U.S. stock market ends week higher despite the chill; Asia rallies on stimulus

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.

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