Latest news indicates an end to Saudi cutting the surplus to Asian markets. Due to the economic downturn, crude oil prices have fallen under current contractual obligations. In an effort to stabilize prices, Saudia Arabia has cut output by 10 percent. Hopefully, this will extend to the US in the future and maintain steady prices throughout the year!
http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE5180HD20090209
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