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Oil Prices Falling After Saudis Say They Can Increase Supply
Friday, June 12, 2015 - 9:50am | 609Brent crude was trading 32 cents lower at $64.79 a barrel at 11:00 GMT, while U.S. light crude was lower by 53 cents at $60.24. The move lower is being attributed to reports that Saudi Arabia is believed to be in talks with Indian buyers to supply additional crude. Reuters noted that the talks...