OIL

USA pumps more oil despite rigging less numbers

The United States of America, No 2 crude oil producer in the world after Saudi Arabi, producing 10.37 million barrels per day (bpd), Russia producing 11 million barrels per day is pumping more oil into the market, thereby forcing the oil prices to slide, even though the initial trend was showing upwards.The prices came down by 13 cents in the afternoon of Monday.

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