Oil Prices Fall After Saudi Price Cuts for Asia Spur Demand Concerns

Oil Prices Fall After Saudi Price Cuts for Asia Spur Demand Concerns
Pump jacks operate at dusk near Loco Hills in Eddy County, New Mexico, on April 23, 2020. Paul Ratje/AFP via Getty Images
|Updated:

Oil prices fell on Sept. 6, extending losses after Saudi Arabia, the world’s top oil exporter, slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand.

Brent crude futures fell by 0.17 percent to $72.1o per barrel as of 6:29 p.m. BST on Sept. 6, while U.S. West Texas Intermediate crude was at $68.89 per barrel, down by 0.58 percent, at 3:08 p.m. New York time.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics