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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC production reaches 11 month high

Posted on 02 December 2009

From Arabianbusiness.com: The Organization of Petroleum Exporting Countries increased crude-oil production in November to the highest level in 11 months as members took advantage of rising prices, a Bloomberg News survey showed.

Output averaged 28.9 million barrels a day last month, up 110,000 barrels from October, according to the survey of oil companies, producers and analysts……………………………Full Article: Source

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