Oil Futures Set for Biggest Weekly Loss Since June

Bloomberg
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Oil Futures Set for Biggest Weekly Loss Since June
Bloomberg
Written by Bloomberg
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Oil rose a second day after Saudi Arabia said its production capacity has been reduced due to attacks on energy infrastructure, but futures remain on track for their biggest weekly loss since June. According to Saudi Arabia's press agency, the nation's production capacity has been cut by around 600,000 barrels a day. Bloomberg's Anthony di Paola breaks down the situation.

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