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- Oil is going up by data from Saudi Arabia
Oil is going up by data from Saudi Arabia
Oil prices rise on Monday against the backdrop of the January data on production volumes of raw Saudi Arabia.
Saudi Arabia in January, increased oil production by 0.6% - to 9.87 million barrels perday, which was a record level of nearly 30 years. Export volume grew 2% to 7.5 millionbarrels per day. The figure more than three times higher than the second-largestprovider of OPEC - Iran, which in January exported 2.3 million barrels per day.
April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 108.09dollars per barrel on the New York Mercantile Exchange. April futures price for North Sea petroleum mix of mark Brent rose 0.83 dollars to 124.98 dollars per barrel on London's ICE Futures Europe Exchange.
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