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Oil Updates — crude down as global economic backdrop outweighs Saudi output cut

RIYADH: Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed the supply worries raised when Saudi Arabia announced its biggest output cut in years. Brent crude futures slipped 70 cents, or 0.91 percent, to $76.01 a barrel by 10:00 a.m. Saudi time, while US West Texas Intermediate crude fell 74 ....

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Saudi Arabia raises July crude price for Asia to 6-month high | Hellenic Shipping News Worldwide

Saudi Arabia raises July crude price for Asia to 6-month high | Hellenic Shipping News Worldwide
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