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Oil prices fall as US output rise outweighs crude stock falls - Reuters
Reuters | Oil prices fall as US output rise outweighs crude stock falls Reuters U.S. crude oil production C-OUT-T-EIA stood at 9.75 million barrels per day (bpd) on Jan. 12, data from the Energy Information Administration showed. The IEA said it expects this to soon exceed 10 million bpd, overtaking OPEC behemoth Saudi Arabia and ... 'Relentless' growth could see the US topple Russia, Saudi Arabia as world's largest oil producer, IEA says IEA Sees 'Explosive' Growth in US Oil Output As Prices Rally $70 Oil Cripples European Refiners |
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