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Oil prices fall 5% as early Saudi production recovery predicted

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

The current price of gasoline is shown at a gas station in Carlsbad, California, US. Reuters

London, September 17

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. — AFP

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