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Friday, October 20, 2006

OPEC Production Cut Fails To Stop Oil's Slide

OPEC production cuts fails to stop Oil's slide: Ample US Crude supplies overshadowed expected OPEC production cuts in traders' minds, as Oil prices continue to fall. Traders remain skeptical the Oil cartel will be able to reign in production by the 1.2 million barrels announced in yesterday's emergency meeting in Qatar. Read More....