NewsBreak: Oil Falls on Reports Saudi Production to be Restored by Next Week




NewsBreak: Oil Falls on Reports Saudi Production to be Restored by Next Week


Investing.com - Oil prices reversed gains on Monday following reports that top crude exporter Saudi Arabia is due to restore oil production as soon as next week after an attack on key output facilities earlier this month.

Brent crude was down 30 cents to $63.97 a barrel by 6:00 AM ET (10:00GMT).

U.S. West Texas Intermediate crude fell 33 cents to $57.76.

The price reversal came after Reuters reported that Saudi's Khurais and Abqaiq oil facilities are set to have restored oil production by next week.





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