Rantburg

Today's Front Page   View All of Mon 10/26/2020 View Sun 10/25/2020 View Sat 10/24/2020 View Fri 10/23/2020 View Thu 10/22/2020 View Wed 10/21/2020 View Tue 10/20/2020
2019-09-20 Economy
Oil prices edge up after turbulent week as Saudi Arabia reassures on output
[DAWN] Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend.

Brent crude futures LCOc1 rose 24 cents to $63.84 a barrel by 0634 GMT, while US West Texas Intermediate (WTI) crude CLc1 was up 21 cents to $58.32 a barrel.

The steadying of nerves came after Saudi Arabia set out the timeline to resume full operations, and also said it had managed to restore supplies to customers at levels prior to the attacks by drawing from its oil inventories.

Brent prices had jumped 14.6% on Monday, the contract’s biggest one-day percentage gain since at least 1988.

Posted by Fred 2019-09-20 00:00|| E-Mail|| Front Page|| [149 views ]  Top
 File under: Govt of Saudi Arabia 

20:16 Andy the Fat3675
20:14 Frank G
20:13 Andy the Fat3675
19:48 Chunky Floting7191
19:44 Andy the Fat3675
19:44 Clem
19:41 Andy the Fat3675
19:38 Andy the Fat3675
19:03 Andy the Fat3675
18:54 Mad Eye Angonter1301
18:52 Andy the Fat3675
18:28 Procopius2k
18:23 Procopius2k
18:20 Dino Omomble9051
18:18 Dino Omomble9051
18:15 Dino Omomble9051
18:12 Dino Omomble9051
18:07 Dino Omomble9051
18:05 Zebulon Dark Lord of the Pixies4466
18:01 Dino Omomble9051
17:57 Crusader
17:54 swksvolFF
17:50 g(r)omgoru
17:48 Zebulon Dark Lord of the Pixies4466
Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com