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