| From AP: A top Kuwaiti oil official says crude oil prices are unlikely to rise above $40 per barrel, even if OPEC decides to enact a production cut of as much as 2 million barrels per day at its meeting next month.
Moussa Marafi, a member of the Supreme Petroleum Council, the highest oil policy-making body in Kuwait, told Annahar newspaper Sunday that oil prices are being pressured by a surging U.S. crude inventories, quota noncompliance by some OPEC members and continued pumping by non-OPEC producers..... Full Article: Source
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