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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC set to keep output ceiling after oil price rise

Posted on 08 October 2010

From Reuters: Robust oil prices might induce OPEC to pump more, helping to calm a rising market and limit damage to a fragile economy, but the producer club is unlikely to agree a formal change in output when it meets in Vienna next week.
The 12-member Organization of the Petroleum Exporting Countries has not officially changed production policy since December 2008. It then reacted to a price crash and a recession, which crushed fuel demand, by announcing its deepest ever supply cut……………………………………….Full Article: Source


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