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Commodities Briefing - Categorized | Market Pulse, Oil more

OPEC to keep oil target unchanged

Posted on 30 November 2012

High oil stockpiles, slowing demand growth and a fragile world economy would normally give OPEC reason to consider supply cuts when it meets next month.
But with turmoil in the Middle East keeping the price of oil well into triple digits, OPEC delegates say the 12-member group is expected to stick with an output target of 30 million barrels per day agreed a year ago………………………………………..Full Article: Source


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