OPEC oil output climbs to record level this year

The OPEC members' output reached its highest level this year in July. An even larger oil output could result in a temporary production halt and force prices up.

BY RITZAU FINANS

Oil prices declined Thursday after a report showed that OPEC member states' oil output reached its highest point this year in July. However, the loss was limited as concerns around supply gradually dwindlled.

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