Saudi Arabia may support Opec plan to extend output cuts
Concern mounts that rising US output will counter reduction by Opec
Oil at $45 as US stockpiles continue to rise
Russia says it is ready to support Opec efforts to trim production
Falling inventories push US oil to 14 month high
Sluggish Chinese economic data for June keeps lid on price gains
Brent crude set for second weekly drop
Oil price on track to post 2% fall this week as investors fear further euro zone instability
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