10 Aug 2026

06:11

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Home Blog WTI and Brent Plunge Over 2% on Report of Saudi Push for More Oil Production

WTI and Brent Plunge Over 2% on Report of Saudi Push for More Oil Production

codarx

codarx

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Update date: 2025/09/05

Crude oil prices are continuing their slide, on course to end the week with a loss that reversed two weeks of gains. The downturn, which began on Wednesday and extended into Friday, has been exacerbated by reports that OPEC+ is actively considering another production boost to reclaim market share. At the time of writing, West Texas Intermediate is down 2.16% at $62.07 per barrel, while Brent crude is down 2.05% at $65.62 per barrel. Reuters reported on Wednesday that OPEC+ was considering another monthly output boost to be discussed at the group’s…

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