# Latest Oil Market News and Analysis for Dec. 4 - Bloomberg

> West Texas Intermediate slid 1.4% to settle near $73 a barrel, extending a six-week losing run. Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom's output curbs could continue past the first quarter.

- Date: 2023-12-03 · published 2023-12-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32885-latest-oil-market-news-and-analysis-for-dec-4-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible extension of OPEC+ output cuts supports crude prices, which feeds into biofuel and fertilizer costs. Routine price moves with no major new supply shock.

## Read by commodity

- WTI: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-12-03/latest-oil-market-news-and-analysis-for-dec-4

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.