Oil prices fall sharply as Saudi output recovers

Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back in line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output. Saturday's attacks raised the spectre of a major supply shock in a market that in recent months has been preoccupied with demand concerns and faltering global growth.

from Times of India https://ift.tt/2Ido8w1