Tag archive for ‘Oil Market’
FT: Saudi to increase Oil Output
London, UK (FT.com): Saudi Arabia said on Friday that it was increasing its oil production to its highest level in two years, bowing to intense US pressure after the price surged to a fresh record of almost $128 a barrel.
The announcement of a boost to output by about 300,000 barrels a day came after a [...]
Oil prices slip as Dollar Rises
VIENNA, Austria (AP) — Oil prices slipped Wednesday, adding to their steep slide of more than $3 a barrel in the previous session on a strengthening U.S. dollar and data showing a dramatic drop in American fuel demand.
Easing concerns about supplies also put a lower ceiling on prices.
Trading was cautious in Asia as market participants [...]
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