Oil falls below $64 on prospects for Saudi output restart, economic concerns
General view of the Fos-Lavera oil hub near Marseille/ LONDON (Reuters) - Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restoration of Saudi oil output and by fresh signs of European economic weakness. A source, briefed on the latest developments in the Sept. 14 attack on Saudi oil facilities, told Reuters Saudi Arabia had restored around 75% of crude production lost. Oil was up earlier in the session, supported by scepticism over how fast output would come back. ...
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