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Oil slips as OPEC reportedly weighs increasing output





Saudi oil minister


Oil prices fell Friday amid reports OPEC is considering boosting coordinated output levels ahead of US sanctions against Tehran, which will effectively cut off Iranian production for much of the world.

West Texas Intermediate crude oil fell below $70 a barrel and Brent shed more than 1% after Reuters reported OPEC and other supply-cutting countries led by Russia are discussing raising production by 500,000 barrels per read more >>>

Source:: BusinessInsider.Com

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