Oil Goes Down 2% as Saudi Supply Concerns Recede
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4 Articles
Oil Goes Down 2% as Saudi Supply Concerns Recede
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.Brent crude futures LCOc1 fell by $2.14, or 2%, to $102.68 a barrel by 0806 GMT. U.S.
Economy: Direct - Oil prices fell by 2% on Friday, to continue its losses for the third consecutive session, as concerns about the disruption of supplies subsided...
Illustration. An oil pump is operating at the Midway-Sunset oil field in Kern County, California, on March 8, 2026. (Frederic J. Brown/AFP via Getty Images)
Oil prices fell by more than 2% on Friday, continuing their losses for the third consecutive session, with concerns about the disruption of Saudi supplies receded. Brent's ore fell by 2.2% to $102.53 per barrel, while West Texas's median ore dropped by 1.8% to $100.04, after reports of Saudi Arabia's efforts to restore about half of the East-West pipeline's power within days, to the next half of the US dollar.
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