| Saudi Oil Minister Ali al-Naimi said on Thursday he saw signs of global oil demand improving despite the economic slowdown in China and that the market's supply/demand balance would shortly move more into line.
Oil prices have almost halved in the past year because of excess supply, although analysts see signs that OPEC's strategy of allowing prices to fall to put a squeeze on growth in high-cost production areas is having some impact. Oil prices fell more than 1 percent on Thursday, down for the fourth day as the U.S. government reported a larger-than-expected crude stockpile build...............................................Full Article: Source
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