Obama presses oil producing nations to boost output

WASHINGTON, April 26 Tue Apr 26, 2011 5:29pm EDT

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WASHINGTON, April 26 (Reuters) - President Barack Obama said on Tuesday oil producing countries should increase their output to curb the rise in gasoline prices because "if we're not growing, they're not going to be making money either."

"We're talking to oil producers around the world and letting them know it's in their interest to make sure that high oil prices don't end up hurting the world economy," Obama said in an interview with the CBS affiliate WTKR in Hampton Roads, Virginia.

"So they need to increase supplies. And obviously there's been some disruptions because of Libya but we think that they can make it up and we're pushing them to do so," the president said.

(Editing by Sandra Maler)

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