Crude oil futures on the Nymex slipped under US$90/barrel early in the week based on rising stock levels at the Nymex delivery point in Cushing, Oklahoma as well as comments from Saudi Arabian Oil Minnister Ali Naimi that Saudi Arabia might increase its production levels to meet the increase in crude oil demand they expect to see in 2011, as per Chemorbis.
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Thursday, January 27, 2011
NYMEX crude slips on Saudi comments, players divided on outlook
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