Men look at a damaged silo following an attack at the Saudi Aramco oil facility in Saudi Arabia's ... [+] Red Sea city of Jeddah on November 24, 2020. As of 7:45 a.m. EDT on Monday, oil prices had eased somewhat, WTI crude was up 0.39% to $66.35 per barrel, while Brent crude rose 0.33% to $69.59. Last April, the pandemic pushed crude prices at one point to below zero for the first time in history. Further ReadingSaudi Arabia Doesn’t Care About Surging Oil Prices. (Forbes)With Surprise Oil Production Cut, The Saudis Revisit Role As ‘Swing’ Producer (Forbes)

Source: Forbes March 08, 2021 14:15 UTC