21.12.2011 - OPEC reference basket settles above $110 mark in November
The Organisation of Petroleum Exporting Countries, OPEC, Reference Basket increased in November to settle above the $110 mark for the first time since July this year. The oil cartel in its monthly oil market report for December 2011 showed that the upward movement of the basket, which began gradually in the first half of the month, was supported by efforts to address the Euro-zone crisis, renewed geopolitical concerns, and US data showing a slight improvement in the economy...............................................Full Article: Source
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