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Oil ends at 2-week low
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.
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, the Financial Times reported on Thursday, citing people familiar with the matter.
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.
FXEmpire.com
1h
Oil News: Is Bearish Momentum Set to Drive Crude Prices Below $68.04?
Last week, Light
Crude
Oil
futures settled at $68.18, down $2.82 or -3.97%. A key factor behind the
price
drop was ...
Newsweek on MSN
1d
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.
Reuters
9d
Saudi Arabia's crude oil exports in July hit almost one-year low
Sept 19 (Reuters) -
Saudi
Arabia's
crude
oil
exports in July fell to their lowest level in ... figures to JODI which ...
Seeking Alpha on MSN
1d
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 ...
11h
on 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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