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NEW YORK (Xinhua) -- Crude prices jumped to settle above 47 US dollars a barrel yesterday as investors speculate that the OPEC would further cut production.
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VIENNA (Xinhua) -- The current excessively low oil prices cannot guarantee its long-term stability in the crude market, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Abdalla Salem El-Badri said on Friday.
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                    [Title] => Oil prices rise as OPEC delays production projects
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                    [Title] => GLOBAL NEWS : Oil falls below $54 in Asia ahead of OPEC meeting
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                    [Title] => Oil prices lower as US gasoline reserves climb
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LONDON (AFP) - World oil prices eased back from recent highs yesterday on news that US gasoline, or petrol, reserves surged higher than expected last week. 



Crude futures had climbed on Tuesday to their highest peaks for around 11 months as traders fretted over persistent unrest in Nigeria, Africa's biggest producer, as well as tight US gasoline supplies. 



But in London on Wednesday, Brent North Sea crude for August delivery shed 49 cents to 75.91 dollars per barrel in electronic deals. 


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BADRI

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VIENNA (Xinhua) -- The current excessively low oil prices cannot guarantee its long-term stability in the crude market, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Abdalla Salem El-Badri said on Friday.
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                    [Title] => Oil prices lower as US gasoline reserves climb
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LONDON (AFP) - World oil prices eased back from recent highs yesterday on news that US gasoline, or petrol, reserves surged higher than expected last week. 



Crude futures had climbed on Tuesday to their highest peaks for around 11 months as traders fretted over persistent unrest in Nigeria, Africa's biggest producer, as well as tight US gasoline supplies. 



But in London on Wednesday, Brent North Sea crude for August delivery shed 49 cents to 75.91 dollars per barrel in electronic deals. 


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abtest

OPEC leaves crude output targets unchanged

September 10, 2009 - 10:40am

VIENNA (AP) – OPEC on Thursday decided to leave its production quotas unchanged, opting to take a cautious approach in a market awash in crude and a global economy still in the nascent stages of recovery.

Oil prices rally on OPEC output cut speculation

March 10, 2009 - 5:02am

NEW YORK (Xinhua) -- Crude prices jumped to settle above 47 US dollars a barrel yesterday as investors speculate that the OPEC would further cut production.

OPEC: Current oil prices cannot guarantee future market stability

March 7, 2009 - 10:38pm

VIENNA (Xinhua) -- The current excessively low oil prices cannot guarantee its long-term stability in the crude market, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Abdalla Salem...

Oil prices rise as OPEC delays production projects

February 10, 2009 - 2:03am

NEW YORK (AP) – Oil prices rose sharply yesterday as OPEC announced member nations will table dozens of planned oil production projects due to falling prices.

GLOBAL NEWS : Oil falls below $54 in Asia ahead of OPEC meeting

November 28, 2008 - 3:06pm

SINGAPORE (AP) -Oil prices fell below $54 a barrel Friday in Asia as investors eyed a possible production cut by OPEC this weekend amid a gloomy global demand outlook.

Oil prices higher as traders fret over US gasoline stocks

July 12, 2007 - 11:28am

Nation

Oil prices lower as US gasoline reserves climb

July 12, 2007 - 12:10am

LONDON (AFP) - World oil prices eased back from recent highs yesterday on news that US gasoline, or petrol, reserves surged higher than expected last week. Crude futures had climbed on Tuesday to their highest...

Nation