Oil Climbs on Report Saudi Arabia Won’t Rush to Lift Supply - News Summed Up

Oil Climbs on Report Saudi Arabia Won’t Rush to Lift Supply


• Oil prices climbed Tuesday, rallying after a report that Saudi Arabia won’t rush to lift output following the end of waivers that allowed some countries to buy Iranian crude. • West Texas Intermediate futures, the U.S. oil benchmark, added 0.6% to $63.91 a barrel on the New York Mercantile Exchange. Prices are 3.6% below last week’s 2019 peak but still up 41% for the year. They remain well below their October multiyear highs.


Source: Wall Street Journal April 30, 2019 15:22 UTC



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