Rolling coverage of the latest economic and financial newsLatest: Sources say Saudi oil will be online sooner than thoughtBrent crude plunges 6%, after surging 14% yesterdayIntroduction: Saudi attack drove oil price upWeWork IPO shelved 2.54pm BST NEWSFLASH: The oil price is suddenly plunging.Brent crude has slumped by more than four dollars per barrel, dropping back to just $64.77 — having hit $69/barrel earlier this morning.Crude & brent oil plunge after Reuters, citing a source, reports that Saudi oil output will be fully back online in the next 2-3 weekshttps://t.co/qT4SPEEuYR pic.twitter.com/mLzbLYHf3v 2.45pm BST The New York stock exchange has dipped into the red at the start of trading, adding to yesterday’s declines.U.S. stocks open lower https://t.co/sPi2Ofe7U5 pic.twitter.com/BI2iASKaIY Continue reading…
Via: Oil price tumbles as Saudi recovers from drone attack – business live
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