Wed, 2022-09-07 09:53
RIYADH: Saudi stocks tracked a drop in oil prices to end Tuesday’s trading session lower, with the main TASI index sliding below the 12,000 level.
The Organization of the Petroleum Exporting Countries and its allies on Monday agreed on a small production cut of 100,000 barrels a day to bolster prices.
Oil prices then fell to hover around $90 a barrel on Wednesday. Brent crude slipped to $91.31 and US West Texas Intermediate traded at $85.2 by 9:05 a.m. Saudi time.
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