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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (12407)	9/28/2004 3:23:23 PM
From: CalculatedRisk	Read Replies (1) of 116555

Saudi Arabia to Boost Its Oil Production Tue Sep 28, 7:41 AM ET news.yahoo.com By ABDULLAH AL-SHIHRI, Associated Press Writer RIYADH, Saudi Arabia - Saudi Arabia, the world's largest oil exporter, will raise production from 9.5 million barrels a day to 11 million barrels, an oil ministry official said Tuesday in an attempt to rein in crude prices that topped $50 a barrel for the first time. The increase would go into effect within weeks, according to the senior official, who spoke on condition of anonymity. No further details were provided. <MORE>

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