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Oil down 3% as Saudi Arabia eases concerns, Wall Street drops

Updated : October 24, 2018 06:20 AM IST

US crude fell $1.98, or 2.9 percent, to $67.38 a barrel, after hitting a session low of $67.26, the lowest level since Sept. 7
Saudi Energy Minister Khalid al-Falih told a conference in Riyadh on Tuesday the oil market was in a "good place" and he hoped oil producers would sign a deal in December to extend cooperation to monitor and stabilise the market.
Oil down 3% as Saudi Arabia eases concerns, Wall Street drops
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