Oil prices move lower on surging OPEC output
Washington (UPI) Apr 16, 2015 - Brent crude oil topped $63 per barrel early Thursday before moving lower on word OPEC output had surged in March, balancing slowing U.S. production. The global benchmark was trading at 62.58 for the June contract Thursday morning, after OPEC released its monthly market report, stating March output rose by 810,000 bpd, thanks in part to increased output in Saudi Arabia and Iraq. O ... more
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