🇬🇧

Oil Rises 1% Over Fears Of Return Of Saudi Output

Credit: Wochit Business
Published on September 23, 2019 - Duration: 00:42s

Oil Rises 1% Over Fears Of Return Of Saudi Output

Reuters reports oil ended about 1% higher after a volatile trading session on Monday.

Traders focused on when Saudi Arabia would be able to restore full output following the Sept.

14 attack on its facilities.

Brent futures gained 49 cents, or 0.8%, to settle at $64.77 a barrel.

U.S. West Texas Intermediate (WTI) crude gained 55 cents, or 1%, to settle at $58.64.

It could take Saudi Arabia months longer than its Aramco oil company anticipated to repair the damage.

Advertisement

Oil Rises 1% Over Fears Of Return Of Saudi Output

Available for all permitted uses under our |License Terms|.

, No release required Available for |Editorial uses|.

|Learn more| , Not released

You are here

Recent related videos from verified sources

Aramco IPO range values Saudi oil giant at up to $1.7 trillion 02:02
Credit: Reuters Studio - Published 5 days ago 

Saudi Arabia kicks off IPO of world's biggest oil company 01:52
Credit: Reuters Studio - Published 3 weeks ago 

You might like