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Oil continues to hover in the $73 range

23 hours ago ago from CNN Money

TRADING CENTER Oil continues to hover in the $73 range December 22, 2009: 6:35 AM ET LONDON (Reuters) -- Oil slipped towards $73 per barrel on Tuesday after OPEC agreed to roll over its production targets and ahead of data expected to show a fall in crude and distillate inventories in the United States. OPEC oil ministers, content with crude prices, agreed to ...

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OPEC Seeks Better Quota Compliance After Deal - FOXBusiness.com

21 hours ago ago from FOX Business

Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, December 22, 2009 OPEC Seeks Better Quota Compliance After Deal   Reuters   LUANDA,--OPEC oil producers agreed on Tuesday to ...

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OPEC's Ministers Keep Oil Output Unchanged

18 hours ago ago from BloggingStocks

OPEC oil ministers agreed to keep production unchanged . Saudi Arabia has made it clear that it does not want oil prices to fluctuate too much, fearing that it would stunt the fragile recovery of world economic growth. They want to keep prices in the $70 to $80 per barrel range. The key problem for OPEC is adherence to output quotas. At present, member adherence is about 60%. Oil demand is on the weak side. Edward Meir of MF Global said: ...

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Considering the crazy: will $30 barrels of oil come back?

15 hours ago ago from AutoblogGreen

While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX ), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the price of oil will plummet from its current price of around $70-$75 to $30. Analyst Paul Sterne suggests that because natural gas prices are low, ...

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Oil steady near $73

19 hours ago ago from CNN Money

TRADING CENTER Oil steady near $73 By Blake Ellis, contributing writer December 22, 2009: 12:09 PM ET NEW YORK (CNNMoney.com) -- Oil prices continued to hang near $73 a barrel on Tuesday after the government released its final revision of third-quarter GDP and OPEC left oil output targets unchanged. Crude oil for February delivery fell 33 cents, or 0.5%, to $73.39 ...

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