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Posted on: May 18, 2016, 4:45 p.m.
Oil stayed above $46 a barrel last week even though Saudi Arabia’s new oil minister Khalid Al-Falih, reaffirmed that one of the world’s biggest exporters would continue to pump oil unabated and other big producers such as Iran, Iraq and Russia show no signs of cutting back output in a market awash in product. Full investment news article