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According to Dow Jones on July 20, crude oil futures closed higher
on Friday after the news that Saudi Arabia, the world's largest oil exporter, said it would not oversupply the market to curb prices.
Light sweet crude futures for August delivery on the New York Mercantile Exchange settled up 1.
4 percent at $70.
46 a barrel
.
Global benchmark Brent crude futures settled up 0.
7 percent at $73.
07 a barrel
.
Saudi Arabia's governor at OPEC, Adeeb al-Aama, said Thursday that fears
that OPEC and its allies could oversupply the market were unfounded.
Saudi Arabia's oil exports this month should be the same as in June, while exports fell by about 100,000 b/d
in August, he added.
According to Dow Jones on July 20, crude oil futures closed higher
on Friday after the news that Saudi Arabia, the world's largest oil exporter, said it would not oversupply the market to curb prices.
Light sweet crude futures for August delivery on the New York Mercantile Exchange settled up 1.
4 percent at $70.
46 a barrel
.
Global benchmark Brent crude futures settled up 0.
7 percent at $73.
07 a barrel
.
Saudi Arabia's governor at OPEC, Adeeb al-Aama, said Thursday that fears
that OPEC and its allies could oversupply the market were unfounded.
Saudi Arabia's oil exports this month should be the same as in June, while exports fell by about 100,000 b/d
in August, he added.
