Commodity Roundup: Oil falls on prospect of more supply from Saudi, Libya, gold rallies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: SeekingAlpha
Oil Price Decline: Oil prices fell on Thursday, continuing a downward trend as Saudi Arabia is reportedly lowering its crude oil price target in anticipation of increased production.
Current Prices: Brent crude futures dropped by 1.65% to $72.25 per barrel amid these developments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
