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Top OPEC producers like $100 oil

from UPI

Oil prices are inching toward $100 per barrel, though OPEC leaders Kuwait and Iran said there isn't much need to increase supplies. Delegates from the 12-member Organization of the Petroleum Exporting Countries at their regular December meeting in Ecuador left production quotas set in 2008 unchanged. Oil prices, meanwhile, have rebounded from recession-era lows of less than $50 per barrel to more than $90 per barrel in recent trading. more


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