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Downs and Ups of Oil Prices

After hitting a peak in June, oil prices have recently declined, but remain historically high.


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OPEC to Pare Back Production By Enforcing Its Own Quotas
Article | Faced with slumping energy demand from weakening industrialized economies, OPEC oil ministers said last night that petroleum markets are "oversupplied" and vowed to stick to self-imposed quotas that could carve 520,000 barrels a day out of world production.

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