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Commodities Briefing - Categorized | Market Pulse, Oil, Price Watch more

OPEC plans no action to reduce price of oil

Posted on 15 October 2010

From Nytimes.com: The OPEC cartel agreed on Thursday to retain a supply policy that has been in effect for nearly two years, setting aside concerns that a weak dollar would drive the price of oil too high for a fragile economy.
Representatives of Ecuador, which holds the rotating presidency of the Organization of the Petroleum Exporting Countries, confirmed the no-change decision……………………………………….Full Article: Source

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