OPEC Shocks Market, Leaves Production Flat

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Crude prices are headed north this morning, after OPEC surprised the market by keeping production flat instead of ramping it up, the Wall Street Journal reports. Nymex crude is currently up almost 2%, above $100 a barrel, after being down ahead of the announcement. OPEC’s secretary-general told reporters that the…

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OPEC Shocks Market, Leaves Production Flat

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Posted by on June 8, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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