Report: Oil output fell in April, higher prices loom as economic recovery buildsIraq suspension of crude exports shrank oil output by almost 2 percent, but analysts say gasoline inventories plentiful in the United States and Europe by The Associated Press
Global oil output shrank by almost 2 percent after Iraq suspended crude exports in April, and production slumped to its lowest level in nine years, a respected study said May 13.
Although demand for crude declined as well during the first quarter of the year, a U.S.-led economic recovery would like....
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Saudi’s committed to market stability Growth would drive prices Demand might outpace growth
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