The Traderszone Network

Published in TZ Latest News 19 July, 2015 by The TZ Newswire Staff

Oil edges lower as Saudi crude exports fall, U.S. cuts drill rigs

Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in U.S. drilling activity seen earlier this month seemed to fizzle out. Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. U.S.

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