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Re: Midday Report: Oil sinks below $68 as OPEC keeps output target unchanged

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 28 Nov 14 6:35 PM | 68 view(s)
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Msg. 16341 of 54959
(This msg. is a reply to 16340 by Cactus Flower)

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and here's an equivalent from russia today for doma.

http://rt.com/business/209579-opec-oil-supply-russia/

"Russian officials and experts warned that oil prices will remain below $80 per barrel for some time, after OPEC’s decision not to cut output. It will hurt the economies of Russia, Iran, and Venezuela – and deal a blow to shale oil production in the US.

OPEC announced on Thursday that it will not be changing production levels, leaving the daily output ceiling at 30 million barrels despite oversupply concerns and soft oil prices."


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The above is a reply to the following message:
Re: Midday Report: Oil sinks below $68 as OPEC keeps output target unchanged
By: Cactus Flower
in ALEA
Fri, 28 Nov 14 6:32 PM
Msg. 16340 of 54959

this is an interesting article about how the damage is spread around when oil is cheap.

http://money.cnn.com/2014/10/30/investing/cheap-oil-prices-hurt-iran-venezuela-saudi-arabia/


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