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How will the record OPEC supply cut affect consumers?

Started by Joelle, December 17, 2008, 06:00:43 PM

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Joelle

How will the record OPEC supply cut affect consumers?
      


The Organisation of the Petroleum Exporting Countries agreed on Wednesday to make its deepest output cut ever to counter slumping demand and falling oil prices.  The output cut has been received with cautious optimism by analysts.
Some say that the price of oil will fall further, while others say $40 a barrel was the lowest it [...]
         

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