U.S. crude futures fall 2% at open

Credit: REUTERS/DANIEL BECERRIL

MELBOURNE, April 3 (Reuters) - Benchmark U.S. crude fell 2% at open on Friday, coming off its biggest one-day gain in the previous session after President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut.

U.S. West Texas Intermediate (WTI) crude CLc1 futures were down 1.8%, or 45 cents, at $24.87 at 2204 GMT, after having surged 24.7% on Thursday.

(Reporting by Sonali Paul; Editing by Sandra Maler)

((Sonali.Paul@thomsonreuters.com; +61 3 9286 1419;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.