ADVERTISEMENT
Oil sinks 5% on forecasts of Saudi output recovery
AFP
Last Updated IST
Photo for Representation.
Photo for Representation.

Oil prices dropped 5 per cent on Tuesday as analysts said they were expecting Saudi production to recover sooner than expected.

At around 1400 GMT, North Sea Brent crude oil for delivery in November was trading at USD 65.35 in London, a drop of $5.35 compared to the closing price on Monday.

Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks

ADVERTISEMENT
ADVERTISEMENT
Read more
(Published 17 September 2019, 20:12 IST)