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US lauds Saudi efforts to help moderate oil price

The White House embraced over the weekend recent comments by Saudi Arabia’s energy minister some market watchers had taken as a signal that consumer nations need not release emergency petroleum reserves to calm oil prices.
Saudi Arabia’s Oil Minister Ali al-Naimi said in a statement on September 10 that the world’s largest crude exporter was concerned about high oil prices, would take steps to moderate them, and would meet any additional demand from its customers. more