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Crude oil prices crept higher in New York Friday as traders began to discuss the notion that OPEC could be on the verge of cutting its output.
The oil-exporting group will meet next week, advancing what had been a planned November gathering, in order to discuss the tumble that has taken near-term crude contracts down 50% in just three months. Many market observers are expecting at least some curtailment in OPEC's production targets.
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,286.49 | 1,093.43 | 2,179.20 | 34.03 |
Oil *
75.38
|
|
DOWN
103.62
|
DOWN
9.82
|
DOWN
10.41
|
DOWN
0.45
|
10 Yr
3.40%
SPDR Gold
111.57
|
|
-1.00%
|
-0.89%
|
-0.48%
|
-1.31%
|
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