Crude oil futures decrease as Saudi Arabia can increase its oil output

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Crude oil fell by1.27%-1.47%

As of 2 June 2022, 08:55 (UTC+3), Brent Crude futures for August settlement were trading1.27% lower at $114.81 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for July delivery fell by 1.47% to $113.64 a barrel.

Oilpricesfell on June 2 after theFinancial TimesreportedSaudi Arabiais prepared to raise crudeproduction if Russianoutputsinks due to sanctions.

Crude oil fell by1.27%-1.47%

As of 2 June 2022, 08:55 (UTC+3), Brent Crude futures for August settlement were trading1.27% lower at $114.81 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for July delivery fell by 1.47% to $113.64 a barrel.

Oilpricesfell on June 2 after theFinancial TimesreportedSaudi Arabiais prepared to raise crudeproduction if Russianoutputsinks due to sanctions.