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Oil drops on report Saudi mulling output hike

OIL prices fell yesterday on a report that Saudi Arabia may increase production to stem crude's record rally to peaks near US$140 a barrel. US crude oil settled down US$1.88 at US$134.86 a barrel, while Brent...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080614/article_363225.htm"> Oil drops on report Saudi mulling output hike </a> by -- OIL prices fell yesterday on a report that Saudi Arabia may increase production to stem crude's record rally to peaks near US$140 a barrel. US crude oil settled down US$1.88 at US$134.86 a barrel, while Brent... </p>