Saudi Arabia agrees to increase oil production levels, will help 'stabilize markets,' White House says
Fox News
The White House announced that Saudi Arabia will increase oil production in the summer months-- a move officials say will help to stabilize the markets.
Brooke Singman is a Fox News Digital politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.
"Saudi Arabia has committed to support global oil market balancing for sustained economic growth," the White House said. "We have welcomed the increase in production levels 50 percent above what was planned for July and August."
"These steps and further steps that we anticipate over the coming weeks have and will help stabilize markets considerably," the White House said.
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