Oil extends declines as Saudi Arabia commits to satisfy demand

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Oil costs on Tuesday prolonged falls from the day past, when crude slumped as a lot as 5 p.c, after Saudi Arabia stated it might make up for provide disruptions from US sanctions focusing on Iran’s petroleum exports from subsequent month.

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Entrance-month Brent crude oil futures had been at $76.37 a barrel at 0031 GMT, 7 cents beneath their final shut.

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US West Texas Intermediate (WTI) crude futures had been at $66.31 a barrel, 12 cents beneath their final settlement.

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The dips got here after Brent…



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