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Oil fluctuates on Europe debt outlook; Iran calls for OPEC output cuts

Posted on 12 December 2011

Oil swung between gains and losses as concern that Europe will be unable to tame it debt crisis countered Iran’s calls for production cuts before an OPEC meeting this week.
Futures were little changed after slumping 1.5 percent last week. German Finance Minister Wolfgang Schaeuble said euro-area policy makers will focus on implementing last week’s pact to strengthen budget rules as quickly as possible………………………………………..Full Article: Source


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