Oil ministry spokesman: Saudi Arabia is committed to rebalancing oil market

Author: Greg Michalowski | Category: News

Crude oil is little changed today

An oil ministry spokesman is saying
  • Saudi Arabia is demonstrating its commitment to rebalancing the oil market by restraining exports not only production.
  • Saudi Arabia curtailed exports in September to below 6.7 mln BPD despite customers high demand. 
Crude oil is trading above and below unchanged at at $49.26 (down -$0.03). The high reached $49.57 and the low $49.13.
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