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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.
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.
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
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
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.
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.
Crude Oil Prices
23h
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 ...
10h
on 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 ...
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 ...
Crude Oil Prices
7h
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.
9h
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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