Risk of increased production sends oil prices down

Russia has indicated that the country will gradually increase oil production after it has held back supply under the OPEC agreement since last year.
Photo: /ritzaui/AP/Hasan Jamal
Photo: /ritzaui/AP/Hasan Jamal
BY RITZAU FINANS

Oil prices declined slightly Friday mornings in the wake of indications from Russia that the country will gradually increase oil production after holding back supply since last year due to an OPEC deal.

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