According to OPEC, global OECD oil inventories fell 22 million barrels in June to end at 3.033 billion. Production in Saudi Arabia rose by 32,000 b/d to 10.067 mmbd, which is above its production ceiling, according to secondary sources.
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http://www.forexconspiracyreport.com/what-does-the-retreat-of-crude-oil-prices-do-to-the-forex-market/ What Does the Retreat of Crude Oil Prices Do to the ...