Oil plunged after news of higher production outputs in Saudi
Oil plunged after news of higher production outputs in Saudi
International benchmarks for crude oil settled lower on Thursday, 3 November 2021 after a Saudi Arabia TV channel said the country’s oil output might surpass the 10 million barrels per day soon; wiping away all gains registered earlier after the OPEC+ meeting.
Brent fell $1.45 to close at $80.54/barrel.
WTI fell 2.05 to close at $78.81/barrel.