Gulf Arab OPEC oil producers do not see the need to change production levels to support crude prices, OPEC delegates said after benchmark Brent touched nine-month lows on Friday.
A sell-off in commodities saw Brent contracts fall from around $106 a barrel on Wednesday to lows near $101 on Friday. Brent recovered to $103.11 at close of trade last week and Gulf exporters are happy to leave production unchanged at current price levels, delegates from all the Gulf Arab OPEC producers said over the weekend..............................................Full Article: Source
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