Oil falls after CNBC says Saudis hike output

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NEW YORK | Tue Jun 10, 2008 3:04pm BST

NEW YORK (Reuters) - Crude oil futures fell on Tuesday from highs over $137 a barrel after CNBC reported Saudi Arabia had increased output by 500,000 barrels per day to 9.45 million bpd this quarter, traders said.

(Reporting by Matthew Robinson; Editing by John Picinich)

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