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Traders Say Saudi Arabia Puts Floor Under Oil Price

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Published:
Tue, Aug 23, 2022
Author
John van Schaik, New York
Editor
Chris Raine
Saudi,Arabia,Oil,Field,Aramco,Facility,Company
Hyserb/Shutterstock

Traders sent Brent back over $100 on Tuesday after Saudi Arabia’s energy minister said that Opec-plus will keep all options on the table to stabilize oil prices — including potential output cuts.

Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Supply, Opec/Opec-Plus
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