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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC oil price keeps dropping amid European debt crisis

Posted on 29 November 2011

The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) dropped to 108.05 U.S. dollars a barrel last week, the Vienna-based cartel said Monday.
The downgrade of Portugal’s credit rating, which has increased the concerns about the European debt crisis, became the major factor suppressing the international oil prices last week………………………………………..Full Article: Source


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