Oil plunges further as Saudis commit to more exports

BRENT and West Texas Intermediate, the two benchmarks for the global oil market, fell again last night after Saudi Arabia said it would increase its oil exports to more than 10 million barrels per day.

Oil plunges further as Saudis commit to more exports Oil plunges further as Saudis commit to more exports Oil plunges further as Saudis commit to more exports Oil plunges further as Saudis commit to more exports Oil plunges further as Saudis commit to more exports

The Saudi energy ministry said overnight it would increase oil exports in May to the record 10-million-barrel mark by increasing domestic gas use and minimising crude use throughout the kingdom.