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Oil prices began dropping on Tuesday after Saudi Arabia said it will fully restore production by the end of the month following strikes on its oil facilities that halved capacity.

Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom has already increased production by 50 percent since Saturday’s drone attacks on the Abqaiq oil refinery – the world’s largest – and the Khurais oil field.

He said production would reach 10 million barrels a day by the end of September and 12 million barrels a day by the end of November.

Amin Nasser, the chief executive of Saudi Aramco, the state-run company that operates the installations, said “We have enough oil products to supply the local market” at the news conference in Jeddah.

Crude oil prices fell about 6 percent on the development.

The attacks caused Saudi to interrupt production of about 5.7 million barrels of oil a day, disrupting about 5 percent of the global oil supply.

It caused oil prices to initially surge to levels not seen since the 1991 Gulf War when a coalition led by the US forced Iraqi President Saddam Hussein from Kuwait.

President Trump speaking during a fundraising trip to California said he was willing to open the country’s Strategic Petroleum Reserve to ensure stability in the world’s oil markets.

“I don’t think I need to, but I’m willing to do it. We’re the undisputed champion of energy. We are now way ahead of number two and three, which is Saudi Arabia and Russia,” the president said. “But I can really step it up a lot more if we have to.”