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Commodities Briefing - Categorized | Oil, Regulatory more

Opec keeps output plans opaque

Posted on 13 March 2009

From FT: The oil market is desperate to know whether Opec will cut production further but the ministers gathering for this weekend’s meeting of the organisation in Vienna have been sending distinctly mixed signals.

For the past week oil prices have been gyrating up and down by 5 per cent to 10 per cent as traders have tried to figure out what the oil producers’ cartel will do. Benchmark oil futures on Thursday traded in New York at $45.45, up $3.12….. Full Article: Source


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