Page 16 - ஆற்றல் அமைச்சர் ப்ரிந்ஸ் அப்துலஜிஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Laila Kearney NEW YORK (Reuters) -Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week s collapse in OPEC+ talks meant for worldwide production. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Arabia and United Arab Emirates. Brent crude settled at $73.43 a barrel, falling $1.10, or 1.5%. U.S. West Texas Intermediate settled at $72.20 a barrel, shedding $1.17 or 1.6%. Both benchmarks rallied more than $1 a barrel earlier in the session, similar to Tuesday s action. The Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, have restrained supply for more than a year since demand crashed during the coronavirus pandemic.

Saudi arabiaUnited arab emiratesUnited statesAaron sheldrickeditingDavid gregorioSonya hepinstallPhil flynnMatthew lewisAlex lawlerLaila kearneySaudi energyOrganization of the petroleum exporting countriesPrice futures groupAmerican petroleum instituteUnited arabTexas intermediate