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Stock Investing > Mishs Global Economic Trend Analysis

OPEC Looks at 2 Million Barrel Production Cut

Mike Shedlock | Tue, 12/16/2008 - 1:29pm | oil prices, OPEC |  Add a comment

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In the wake of a global recession that has oil prices off 70 percent since mid-summer Saudis say 2 million barrel production cut likely OPEC powerhouse Saudi Arabia said Tuesday that the oil cartel would cut production by about 2 million barrels a day to halt a precipitous fall in prices.
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