Saudi Arabia lowers oil prices

S

Saudi Arabia is lowering its prices for supplies of crude oil to Asia and the United States. Oil prices went down again on Monday, after the strong mins on Friday.

These are deliveries scheduled for October. It is the first time in six months that Saudi Arabia has reduced US sales prices. The Saudi step may indicate that oil demand is recovering less strongly from the consequences of the coronacrisis than previously thought.

The price of a barrel of American Oil recorded a minus of 1.4 percent on Monday afternoon at $ 39.23, and Brent oil dropped 1.2 percent to $ 42.16 a barrel.

About the author

Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories