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Wednesday, December 14, 2011

Oil Drops Below USD 99 Ahead Of OPEC Meeting

Oil prices today dropped below USD 99 a barrel amid worries about the eurozone’s debt crisis and expectations OPEC will keep its output quotas unchanged.

By early afternoon in Europe, benchmark crude for January delivery was down USD 1.70 to USD 98.44 a barrel in electronic trading on the New York Mercantile Exchange.

From: http://ping.fm/SMiHq

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