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Oil prices dip after Saudis say could raise output to meet demandmelitah-libya-oil-reuters.JPG

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Oil prices dipped on Friday after Saudi Arabia said it was ready to raise output further if needed, potentially adding to oversupply amid a slowing global economy and halting gains made previously in the week. US crude prices hit a high of US$61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a strong US stock...

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