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Send  Print  Share  RSS  Twitter  10 Sep 2009

OPEC Holds Output Steady, Looks to Economy

 

OPEC early on Thursday
agreed to hold output targets steady after top exporter Saudi Arabia
looked to economic strength to bolster the oil price and dismissed
bulging inventories.

As
widely expected, the roughly three-hour meeting begun late on Wednesday
saw no need to change production formally,  although some OPEC members
called for stricter compliance with existing curbs.

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http://www.cnbc.com/id/32766561


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