Sunday, June 28, 2026

West Texas Intermediate (WTI)

June 5, 2023

Oil prices rise as Saudi announces production cut

Oil prices were on the rise on Monday following Saudi Arabia’s announcement that it would cut its oil output by one million barrels a day in July.

Fuel pump
March 24, 2021

Oil price recovery stunted by European lockdowns, U.S. stock build

Human rights sanctions on China imposed by the U.S., Europe, and Britain prompted retaliatory sanctions from Beijing and added to market concerns.

Oil Barrels

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