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Monday, December 11, 2006

Crude Oil Futures Ended on a Down Note

Crude Oil futures ended the week on a down note, with the lead month January contract failing to closing above $63 a barrel as, traders gear up for the December 14th OPEC meeting. Traders now expect OPEC officials to announce a further cut of between 500,000 and 1 million barrels as day, due to ample world Oil supplies. Read More....