| Despite risking the oil market with further volatility after it decided last week to stick with its current high production levels, the Organization of the Petroleum Exporting Countries (OPEC) used its latest oil market report to stress that it was committed to market stability.
In the report, out Wednesday, the 12-member oil producer group justified its decision to keep production at 30 million barrels a day, reiterating its forecasts that the current oversupply in the market was likely to ease over the coming quarters against a backdrop of a global economic recovery and growing oil demand...............................................Full Article: Source
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