saudi crude oil price 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.

Reuters · 1d

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.

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.

FXEmpire.com1h

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 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.

Reuters9d

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 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 ...

11hon 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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