DUBAI, Nov 1 (Reuters) – Saudi Arabia’s state oil producer Aramco (2222.SE) on Tuesday a 39% increase in third-quarter net income that beat analysts’ forecasts, driven by higher crude prices and volumes sold.

Aramco’s net income increased to $42.4 billion in the three months ended Sept. 30 from $30.4 billion a year earlier, according to a regulatory filing. It was just above the median net income forecast of $41.7 billion from 16 analysts.

“Aramco’s strong earnings and record free cash flow…

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