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OPEC meeting ends without deal on production

from The Associated Press via PennEnergy

OPEC oil ministers ended a meeting recently without reaching any kind of consensus on regulating the price and supply of crude, a result that triggered an immediate drop in energy markets. As the ministers gathered in Vienna, comments by some suggested that the oil cartel would send a message of unity on regulating the market after not being able to do so for years. But a statement read at the end of their meeting made no concrete pledges, emphasizing only the need for members to work for a stable market. more

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