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Crude Gains As Saudi Extend Production Cut to Sep

OIL

Crude rallies as Saudi Arabia announce plans to extend the 1mbpd production cuts into September. The extension was largely expected by the market.

  • Brent OCT 23 up 1.1% at 84.13$/bbl
  • WTI SEP 23 up 1.3% at 80.53$/bbl
  • Brent OCT 23-NOV 23 down -0.01$/bbl at 0.38$/bbl
  • Brent DEC 23-DEC 24 up 0.06$/bbl at 4.64$/bbl

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