Oil prices sink as quick Saudi output recovery seen
The prospect of a quick recovery in Saudi crude production sent oil prices sharply lower (AFP Photo/FAYEZ NURELDINE)/ Oil prices sank five percent on Tuesday, reversing some of the previous day's gains as analysts predicted Saudi output would recover sooner than expected after weekend drone attacks. In the space of several minutes in afternoon European trading, North Sea Brent crude oil for delivery in November tumbled from $67.75 to $65.00. It fell as low as $64.24, before recovering somewhat. The market was already trading in negative ...
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