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NewsBreak: Oil Prices Fall on Report of Saudi Quickly Restoring Output

Published 17/09/2019, 14:43
Updated 17/09/2019, 15:25
© Reuters.

Investing.com -- Oil prices tumbled Tuesday after a Reuters report cited a Saudi official as predicting the kingdom could fully restore oil output within two to three weeks. Earlier reports had suggested that it would take far longer to bring output back to normal after missile attacks at the weekend took an estimated 5.77 million barrels a day of production offline.

  • WTI Futures at $59.62 a barrel vs $62.02 immediately before the report.
  • Brent crude futures at $65.64 a barrel vs $67.77 before hand.
  • Energy Minister Prince Abdulaziz bin Salman is due to hold a press conference at 1.15 PM ET (1715 GMT)

Latest comments

Where I live there is an adage that goes as follows: "When two elephants engage into a battle,it is grass that gets hurt." again we have another one which goes as",A mouse trap does not choose whom one to snare at."
Good sayings but its all a bluff. The world is very close to running out of oil.
these guys r doing insider trading
right saudi. if output cannot quickly restore , marketing will go to american
SL hit my long position
Zero chance of being fully restored in 2 weeks
SL hit my long position
what is going on?
these guys r doing insider trading
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