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IEA economist cheers Saudi oil output rise

Posted on 13 December 2011

The International Energy Agency (IEA) said a boost in Saudi oil output would provide welcome relief from the threat that high fuel prices pose to efforts to revive the global economy.
The IEA has warned that benchmark Brent oil prices over $100 a barrel are a threat to the global economy. Brent traded at over $108 a barrel on Monday………………………………………..Full Article: Source

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