Oil prices fall on Wednesday

27/05/2020 Argaam

 

Oil prices fell on Wednesday. Brent crude futures fell 21 cents, or 0.6%, to $35.96 by 0120 GMT.

 

U.S. West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.9%, at $34.04 a barrel.

 

Earlier this month, Saudi Arabia said it would cut production by a further 1 million barrels per day (bpd) in June, slashing its total production to 7.5 million bpd, down nearly 40% from April, Argaam reported.

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