Spot Cargo Markets — Brent Bounce

摘要

Brent crude bounced Thursday on suggestions Saudi Arabia had cut back oil production. New front-month December ICE Brent settled at $86.83 per barrel on Oct. 23, up $1.01/ bbl on the week, having briefly dipped below $85 midweek. Data released by Saudi Arabia shows the kingdom’s crude exports falling to an average 6.6 million barrels per day in August and September, down from an average of 7.7 million b/d in the second half of 2013.