Oil price surge signals critical phase in coming months
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OIL prices dipped slightly last Friday after Saudi Prince Mohammed claimed that Saudi Arabia and other Middle Eastern producers had met Iran's shortfall of oil output.
S&P Global Platts, which surveyed analysts, industrial officers and shippers, found that the Organization of the Petroleum Exporting Countries' (OPEC) 15 members had raised their crude oil output in September to 33.07 million barrels a day - a rise of 180,000 barrels a day from August.
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