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    market news

    OPEC Oil Agreement Puts Saudi Arabia Back in Charge

    Investing News Network
    Dec. 14, 2011 10:49AM PST
    Oil and Gas Investing

    Reuters Africa reported that OPEC oil producers signed the first new output agreement in three years putting Saudi Arabia back in charge.

    Reuters Africa reported that OPEC oil producers signed the first new output agreement in three years putting Saudi Arabia back in charge.

    As quoted in the market news:

    The Organization of the Petroleum Exporting Countries agreed a target of 30 million barrels daily, ratifying current production near 3-year highs.

    Click here to read the full Reuters Africa report.

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