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Thursday, October 19, 2006

Oil Remains Range-Bound Ahead of OPEC Meeting

Oil remains range-bound ahead of OPEC meeting: An expected one million barrel production cut by OPEC members apparently will not be enough to stop the slide in Oil prices, as traders instead focused on yesterday's weekly EIA energy stocks report, which showed US Oil inventories rising by a much larger than expected 5.1 million barrels last week. Read More.....