Brent Crude Near $103 As Strait Of Hormuz Uncertainty Offsets Saudi Supply Recovery
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5 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = International oil prices plummeted on the 29th (local time) following news that Saudi Arabia had resumed crude oil exports from the Red Sea.
Saudi Arabia Restarts Yanbu Oil Exports as Red Sea Route Eases Pressure on Hormuz
Saudi Arabia has begun restoring crude exports through its Red Sea route after restarting the East-West Pipeline, easing some of the disruption to Middle Eastern oil flows caused by the conflict with Iran. State oil giant Saudi Aramco has resumed loadings from the Yanbu port and notified customers of its October loading schedule, according to […]
The price of Brent's barrel for delivery in November fell this Tuesday by 2.56%, to $102.59 at the close of the session in the futures market.
Crude oil futures prices on the New York Mercantile Exchange fell sharply on the 29th, with the benchmark West Texas Intermediate (WTI) November delivery closing at $89.38 per barrel, down $3.22 from the previous day. This was the lowest closing price in about a month, since late August.
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