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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC ceiling adds ‘ strong upside risk’ to oil, Goldman says

Posted on 19 December 2011

The implementation of the Organization of Petroleum Exporting Countries 30 million barrel- a-day production ceiling would create “strong upside risks” to oil prices next year, analysts at Goldman Sachs Group Inc. said in a note.
“We continue to expect that oil demand will grow well in excess of production capacity growth,” the note to clients said………………………………………..Full Article: Source


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