The Chicago Entrepreneur

Oil prices slump after report Saudi Arabia to scrap price target, boost output

Oil futures fell Thursday morning, feeling pressure after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post Community Financial System CEO defends rich valuation and eyes more deals
Next post Investors are finally experiencing the ‘everything’ bull market — and it may last, this strategist says