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Opec set to roll over oil production target

Posted on 31 May 2013

The Opec oil cartel is set to keep its production target unchanged, betting that a seasonal rise in demand as Americans and Europeans take to their cars for summer will keep oil prices above $100 a barrel.
Opec has a long history of surprising the market with last minute changes in opinion, but delegates said on Thursday ministers had all but decided to keep its official production at 30m barrels a day – a level that has not changed in more than a year and a half………………………………………..Full Article: Source

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