• Oil stocks are getting whacked as Saudi Arabia reportedly offers buyers extra supplies

    3 monthes ago - By Business Insider

    Oil-exploration stocks are dropping after Bloomberg reported Saudi Arabia will add supplies to the global market.
    Additionally, The Wall Street Journal reported Friday that the US was considering a draw on supplies in its Strategic Petroleum Reserve .
    One of the main oil exchange-traded funds is also lower.
    Watch the SPDR S&P 500 Oil And Gas Exploration ETF trade in real time here.
    Oil explorers are getting hammered Monday following a Bloomberg report that Saudi Arabia is adding supplies to the global oil market by offering some Asian buyers extra volumes beyond its contractual...
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  • Brent oil falls four percent to three-month low as supply outage concerns ease

    Brent oil falls four percent to three-month low as supply outage concerns ease

    3 monthes ago - By Reuters

    Oil prices slumped about $3 on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
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  • Oil falls four percent to three-month low as supply outage concerns ease

    3 monthes ago - By Reuters

    Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
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  • Oil sheds 3% as traders eye supply increases from Saudi Arabia

    Oil sheds 3% as traders eye supply increases from Saudi Arabia

    3 monthes ago - By Business Insider

    Oil prices fell more than 3% on Monday.
    Saudi Arabia looks poised to shoot for record output.
    Analysts say Russia could also raise production more than previously expected.
    Watch oil trade in real time here.
    Crude oil fell more than 3% on Monday after reports that Saudi Arabia is offering extra cargo, raising expectations for the world's largest oil exporter to work toward record production in the coming months.
    West Texas Intermediate crude , the US benchmark, fell 3.4% to $68.20 a barrel. Brent , the international benchmark, shed 2.2% to $73.22.
    Saudi Arabia offered extra crude volumes...
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