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Saudi crude production

Posted by WARREN MOSLER on September 30th, 2010

Down a bit for the month, certainly no pressure on supply, but still trending modestly upward.

This is a reasonable indicator of net world demand, as the Saudis continue as swing producer setting price and letting quantity adjust.

One Response to “Saudi crude production”

  1. Too late, Saudi Arabia Opens the Spigot to prevent a wave of Regime change « The Traders Crucible Says:

    [...] Arabia has been setting the price of oil and letting the quantity adjust. This strategy created oil prices in a band from $70 to $90.  Unfortunately, it has also created [...]

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