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

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

Investing.com  | Sep 17, 2019 15:25

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

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)

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Emmanuel Komba
Emmanuel Komba

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."  ... (Read More)

Sep 17, 2019 15:15 GMT· 1 · Reply
Fasalu Rahman
Fasalu Rahman

these guys r doing insider trading  ... (Read More)

Sep 17, 2019 14:53 GMT· Reply
Lin Kyaw
Lin Kyaw

right saudi. if output cannot quickly restore , marketing will go to american  ... (Read More)

Sep 17, 2019 14:52 GMT· Reply
Aniket Daptardar
Aniket Daptardar

SL hit my long position   ... (Read More)

Sep 17, 2019 14:51 GMT· Reply
Simon Alexander
Simon Alexander

Zero chance of being fully restored in 2 weeks  ... (Read More)

Sep 17, 2019 14:51 GMT· Reply
Aniket Daptardar
Aniket Daptardar

SL hit my long position   ... (Read More)

Sep 17, 2019 14:51 GMT· Reply
Aslam noor
Aslam noor

what is going on?  ... (Read More)

Sep 17, 2019 14:32 GMT· 1 · Reply
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