Oil Falls as Optimism Over Saudi-Led Production Cut Fades Fast
Tuesday, 6 June 2023 Oil declined as traders weighed the outlook for supply and demand after Saudi Arabia’s surprise pledge for extra supply cuts. • None Apple Headset Looks Sleek in Person But Battery Pack Stands Out • None A Wall Street Titan Scores One of the Best Real Estate Trades Ever West Texas Intermediate…
Saudi Arabia, an OPEC heavyweight, decided on Sunday to make a further cut in production in the hope of boosting slumping oil prices, against an economic backdrop overshadowed by the war in Ukraine.
Oil prices are up after Saudi Arabia, a key member of the Organization of the Petroleum Exporting Countries, announced more production cuts, which include reducing production by an additional 1 million..
Tuesday, 6 June 2023
![Oil prices up after Saudi Arabia announces more production cuts [Video]](https://video.newsserve.net/300/v/20230605/1685993566-Oil-prices-up-after-Saudi-Arabia-announces-more.jpg)
