Unlock stock picks and a broker-level newsfeed that powers Wall Street.
NewsBreak: Oil Falls on Reports Saudi Production to be Restored by Next Week
In This Article:
Investing.com - Oil prices reversed gains on Monday following reports that top crude exporter Saudi Arabia is due to restore oil production as soon as next week after an attack on key output facilities earlier this month.
Brent crude was down 30 cents to $63.97 a barrel by 6:00 AM ET (10:00GMT).
U.S. West Texas Intermediate crude fell 33 cents to $57.76.
The price reversal came after Reuters reported that Saudi's Khurais and Abqaiq oil facilities are set to have restored oil production by next week.
Related Articles
Oil falls below $64 as source says Saudis near full output restart
Oil Resumes Gains as Traders Assess Gulf Tension, Saudi Supply
Markets face major risks over lax climate forecasts, top investors warn
Terms and Privacy Policy