| Growing optimism that OPEC will constrain oil supply to prop up prices prompted the price of crude to nudge up higher. OPEC is the cartel of oil exporting nations and is meeting next Thursday (Nov 27).
Reportedly, the odds are growing the group will either cut production or more rigorously enforce their own production quotas as the price of oil has slumped over 25% since June. West Texas Intermediate futures - for January 2015 delivery - is up 0.56% to US$75.06........................................Full Article: Source
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