Thank you for reading the oil news. The week starts to fall by 3%, and now we start with the most important and latest details
Oil prices fell on Monday, as few details from the first phase of the US-China trade agreement weakened optimism last week over the thaw between the two countries, contributing to oil market growth. 2%
Crude oil futures in December fell 2.9% to USD 58.74 per barrel US West Texas Intermediate (WTI) commodity futures contracts with November delivery fell 3 percent to USD 53.04 per barrel, rising by more than 3 percent Last week's first weekly profit in three weeks.
Saudi energy minister Prince Abdulaziz bin Salman said on Monday that the kingdom's oil production would recover to 9.86 million barrels a day in October and November.
He said it was important to focus on the stability of the oil market, not on oil prices, and that a fair price is a stable price.
Minister Prince Abdulaziz bin Salman said that oil exporters involved in the global production agreement between OPEC and its allies are showing strong commitment to cutting. (Agencies)
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