Fox Business | UPDATE 8-Oil down on profit-taking as Saudis look to raise output Reuters UK By Barani Krishnan. NEW YORK, June 12 (Reuters) - Oil fell for the second straight day on Friday, with investors taking more profits from the week's gains after Saudi Arabia's readiness to raise production to record highs reignited worries about ... Oil prices dip after as Saudi Arabia says it would raise output to meet demand ... Oil Slips with Saudis Ready to Up Production 5 ways the oil price slump today is different from 30 years ago |