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Reuters: Oil falls, Saudi pushing output to highest since '81

Started by chris, June 16, 2008, 02:41:06 PM

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chris

Oil falls, Saudi pushing output to highest since '81
      


SINGAPORE (Reuters) - Oil fell more than half a percent to near $134 a barrel on Monday as Saudi Arabia prepared to push production to its highest rate in decades, moving to soothe the market ahead of this weekend's crisis meeting over record prices.
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