How low will crude oil prices go?Oil markets keeping close eye on OPEC to see how far cartel will allow oil prices to fall before members cut production Petroleum News
Crude prices dipped below $57 per barrel in mid-November on forecasts that U.S. oil inventories were growing and that high oil prices were dampening global demand.
Still, crude is more than 20 percent higher than a year ago and markets remained jittery that cold weather could drain heating oil stoc....
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Hints expected from Nov. 19 meeting Somewhere between $30-$50
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