The Organization of Petroleum Exporting Countries Tuesday said its members' oil production increased for a fourth straight month in July above the group's production target. The increase, a bearish signal for crude prices, highlights the rising amount of crude various OPEC members are putting into the global market at a time when world oil demand is fading due to the end of the northern hemisphere summer, the peak driving season. In its monthly oil market report, OPEC said output from its 11 members bound by production quotas rose by 105,000 barrels.....Complete Story
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