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Commodities Briefing - Categorized | Market Moves, Oil more

Oil slips further ahead of OPEC, Fed meetings

Posted on 11 December 2012

Crude-oil futures slipped a little in Asia on Tuesday, extending a five-day losing streak, amid cautious tone ahead of Wednesday’s Organization of Petroleum Exporting Nations meeting to decide production quotas and the U.S. central bank’s monetary policy decision.
Oil futures for delivery in January were down 2 cents at $85.54 a barrel in electronic trading. The contract moved on either side of Monday’s settlement on the New York Mercantile Exchange, when prices fell 37 cents to record a fifth consecutive day of losses………………………………………..Full Article: Source


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