The Organization of the Petroleum Exporting Countries and partners including Russia had earlier cut output to rebalance supply and demand.91, after gaining nearly 2 per cent in the previous session.Russian oil output rose by 150,000 barrels per day in July from a month earlier, surpassing the amount Moscow had said ti would add following a meeting of global oil producers in Vienna in June, energy ministry data showed on Thursday.8 million barrels in the prior week, against expectations, but rose on Thursday on expectations the stockpile would soon decline again.2 per cent at $73.Oil prices tanked earlier this week when the US government reported that US inventories rose 3.20 a barrel to the Oman/Dubai average, it said on Thursday.
Brent crude futures LCOc1 were down 13 cents, or 0.8 mn barrels in prior week. Tokyo: Oil prices edged lower on Friday after strong gains the previous day, easing on persistent supply concerns as Russia increased production in July and Saudi Arabia cut the price of crude for its Asian customers.5 per cent on Thursday.32 a barrel by 0052 GMT, after rising 1.Oil prices tanked earlier this week when US govt reported that US inventories rose 3.70 a barrel versus August to a premium of $1.Brent crude futures LCOc1 were down 13 cents, or 0.Saudi Arabia, Russia, Kuwait and the United Arab Emirates have increased production to help to compensate for an anticipated shortfall in Iranian crude supplies once planned US sanctions take effect later this year.2 per cent at $73..Saudi Aramco cut its September price for its Arab Light grade for Asian shoe machine barrel screws Suppliers customers by $0.32 a barrel by 0052.US crude CLc1 was off by 5 cents at $68