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Oil prices are falling after the announcement of Saudi Arabia is ready to increase production
6/12/15
Follow-up - where]
The price of oil futures fell in Asian trade on Friday after Saudi Arabia said it was ready to further increase in production to meet strong demand.
In Earlier this week, US crude oil prices recorded a high level of $ 61.82 a barrel, the highest level since the sixth of May, with the market received support from strong demand and a large decline in commercial oil stocks in the United States.
But the rise of the market was halted by pessimistic expectations for the growth of the global economy and also the words of Saudi Arabia's biggest oil exporter in the world it is ready for another increase in the output of crude in the coming months to reach a new record level in response to an increase in global demand.
And Saudi Arabia has increased production in May to about 10.3 million barrels a day, its highest level.
The decline in US crude contracts for July delivery 35 cents to 60.42 dollars a barrel, while Brent crude oil futures fell 25 cents to 64.86 dollars a Brmel.anthy
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6/12/15
Follow-up - where]
The price of oil futures fell in Asian trade on Friday after Saudi Arabia said it was ready to further increase in production to meet strong demand.
In Earlier this week, US crude oil prices recorded a high level of $ 61.82 a barrel, the highest level since the sixth of May, with the market received support from strong demand and a large decline in commercial oil stocks in the United States.
But the rise of the market was halted by pessimistic expectations for the growth of the global economy and also the words of Saudi Arabia's biggest oil exporter in the world it is ready for another increase in the output of crude in the coming months to reach a new record level in response to an increase in global demand.
And Saudi Arabia has increased production in May to about 10.3 million barrels a day, its highest level.
The decline in US crude contracts for July delivery 35 cents to 60.42 dollars a barrel, while Brent crude oil futures fell 25 cents to 64.86 dollars a Brmel.anthy
[You must be registered and logged in to see this link.]
