Re: Next Move For Oil Prices

By Invester Gator: Saudis 'to increase oil output' Saudi Arabia plans to increase its oil output in July by about half a million barrels a day, the New York Times reports. Citing analysts and oil traders briefed by Saudi officials, the US daily said on Saturday that the plans by the world's largest oil exporter had been privately disclosed recently by Saudi officials. The analysts have declined to be identified for fear of being cut off from information from the Saudis in future. More...... [read full story]