Crude Oil rallied strongly today. Estimates of production cuts at the
beginning of Crude in the international market was bouncing around 5
percent. But in Doha, Saudi, Russia and Venezuelan oil ministers
meeting early gains after crude oil have been reduced.
In the meeting it was agreed on the fact that the three countries
will increase from the current level of Crude production. Production
cuts has not yet been spoken. Yesterday's meeting in Tehran with
Iranian Oil Minister. After the meeting, Saudi Arabia's oil minister
said that crude oil prices will not interfere in any way, will
determine the market price of Crude.
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