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Commodities Briefing - Categorized | Oil, Price Watch more

Oil holds above $100 on fear of Opec cut

Posted on 25 April 2013

Brent crude held above $100 a barrel on Wednesday, supported by fear that the Organisation of Petroleum Exporting Countries (Opec) could cut supply if prices fall further, although data from major economies pointing to slower growth and fuel demand capped gains.
Oil has propped above $100 this week after calls from Opec oil hawks Venezuela and Iran for an emergency meeting ahead of one already scheduled on May 31………………………………………..Full Article: Source


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