U.S. crude oil falls nearly 3%, closes below $68 on report Saudi committed to production increase
Publishing timestamp: 2024-09-26 12:45:04
Summary
Saudi Arabia is ready to increase oil production in December even if it results in low oil prices for a prolonged period. U.S. crude oil prices fell nearly 3% on the news. Prices are also under pressure on expectations of rising production in Libya and soft demand in China.
Sentiment: NEUTRAL
Tickers: @LCO.1, @RB.1, @CL.1, @NG.1,
Keywords: rbob gas (mar'23), oil and gas, investment strategy, natural gas (mar'23), wti crude (mar'23), business news, breaking news: markets, ice brent crude (apr'23), markets,
Source: https://www.cnbc.com/2024/09/26/crude-oil-prices-today.html