Global Oil Reserve Surges 8.3%

- June 13th, 2012

Reuters reported that global oil reserve surged 8.3 percent in 2011 due to rise in exploration and crude prices.

Reuters reported that global oil reserve surged 8.3 percent in 2011 due to rise in exploration and crude prices.

As quoted in the market news:

The report, based on governments’ official reserves statistics, including those challenged by analysts, also showed that gas reserves rose by over 11 percent in 2011.

Click here to read the full Reuters report.

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