NEW YORK (AP) -- Crude oil futures hit a record near $140 a barrel Monday as investors shrugged off Saudi Arabia's promise to boost production and instead focused on a weaker dollar. Retail gas prices rose to a record $4.08 a gallon.
Saudi Arabia’s Crude Oil Reserves: Particulars or Propaganda?
NVDL: I predicted that Saudi's promise amounted to littlemore than wordplay, a game of charades. They're depleting and are no longer a swing producer, although they'd like us to believe that they are.
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