Saturday, December 11, 2010

OPEC » OPEC Dismisses $90 Oil Price as `Blip,' Maintains Production Targets Again

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OPEC Dismisses $90 Oil Price as `Blip,' Maintains Production Targets Again
Dec-11-2010--OPEC discounted last week's $90 oil price and kept its output targets unchanged yesterday, betting supplies in storage and a fragile global economic recovery will prevent crude from surging.
Saudi still favors $70-$80 oil
Saudi Oil Minister: $70-$80 a Barrel Is a 'Good Price'
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