home » General » OPEC lowers output quotas in wake of price declineOPEC lowers output quotas in wake of price declineposted by bindu(20) 14 months ago (www.marketwatch.com) Oil prices edged higher in electronic trading Wednesday after OPEC members said the group would cut crude-oil output by 520,000 barrels a day under a plan to roll back production to quotas set in September 2007.
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