2:00 PM · 3 August 2023

BREAKING: OIL jumps as Saudi Arabia extends output cuts

Oil prices jumped after Saudi Arabia announced extension of voluntary 1 million barrel production cut. Cut will be extended through September but Saudis have already warned that it can not only be extended but also deepened if needed.

Oil jumped over 1% on the news with Brent (OIL) trading above $84 per barrel and WTI breaking above $80 mark.

Source: xStation5

12 June 2026, 4:52 PM

Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?

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12 June 2026, 10:06 AM

Brent crude oil deepens losses to -3% due to details of potential agreement

12 June 2026, 8:54 AM

Chart of the Day: Is this a "real" breakthrough in the oil market this time? (12.06.2026)

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