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OPEC to meet earlier for new oil productions cut
Category: Energy Market
Posted by World-Signals.com on December 24, 2008 at 10:21 AM
ImageThe Crude Oil with delivery for February fell below $39 in New York. The coming year will deeper the recession as the bottom is still not reached. We can see prices down to $32 for barrel predict Scott Brown Energy expert in World-Signals.com. The next plan meeting of OPEC is schedule for March 2009. But the Organization of Petroleum Exporting Countries may meet before the schedule summit to cut again the oil production Venezuelan Energy Minister Rafael Ramirez said. The OPEC target is the price of crude oil to jump to $75. In these levels the production will be winning, as the oil companies will invest in new shelf investigation.
Source: World-Signals.com

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