Crude Oil Prices Plunge on Report Saudi Arabia Wants to Speed Up Production Hikes

Written on 09/05/2025
Rich Asplund

October WTI crude oil (CLV25 ) on Friday closed down -1.61 (-2.54%), and October RBOB gasoline (RBV25 ) closed down -0.0453 (-2.25%). Crude oil and gasoline prices on Friday fell sharply due to a report that Saudi Arabia wants OPEC+ to speed up production hikes. Oil prices also fell due...Oil tanker in open sea by StockStudio via Shutterstock
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