RealNews

No price cut yet, will watch winter: OPEC

OPEC is waiting for cold winter weather to set in before it charts oil supply policy for early next year, but for now sees no need to cut output, the producer group’s president said on Monday. The cartel basket price has sunk close to $50 a barrel, a level some members wish to defend, as swelling fuel stocks and milder than normal weather ease fears of tight supplies. Full Story

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