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S&P 500
5,460.48
(
0.00%
)
US TECH 100
19,205.20
(
0.21%
)
Dow Jones
39,118.86
(
0.00%
)
Brent Oil
85.54
(
0.50%
)
Bitcoin
62,854.73
(
0.41%
)
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hinchback

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hinchback

Re: chainweight post# 342

Sunday, 06/22/2008 5:28:16 PM

Sunday, June 22, 2008 5:28:16 PM

Post# of 23113
good news!! more oil production!!! market will bounce tomorrow imo

CNNMoney.com
Saudis increase oil production
Sunday June 22, 2:41 pm ET

Saudi King Abdullah confirmed Sunday that his country will increase daily oil production to 9.7 million barrels from 9 million to counter the sharp rise in international oil prices.
The Saudi petroleum minister, Ali I. Al-Naimi, said the country will reach the 9.7 million level by July. The announcement comes after Saudi officials had announced modest increases.

It would be Saudi Arabia's highest production rate since 1981.
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