- October 4, 2023
- Posted by: legaleseblogger
- Category: Related News
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![How AI Legalese Decoder Can Analyze and Navigate the Impact of Oil Falls and Saudi Arabia's Production Cuts on Year-End Demand 2 Oil pump jacks at Vaca Muerta in Argentina](https://legalesedecoder.com/wp-content/uploads/2023/10/5L7A5E5CCBIGJBV4BXGODRBF3Q.jpg)
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing Rights
LONDON, Oct 4 (Reuters) – Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds.
Brent crude oil futures were down $1.58, or 1.74%, to $89.34 a barrel at 1045 GMT, while U.S. West Texas Intermediate crude (WTI) fell $1
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