http://www.thecornerofficeblog.com/2009/03/15/opec-holding-the-line/ An entrepreneurs thoughts on business, personal finance and investing. Thu, 09 Jun 2011 19:02:59 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.thecornerofficeblog.com/2009/03/15/opec-holding-the-line/comment-page-1/#comment-43875 Steve Tue, 17 Mar 2009 05:56:36 +0000 http://www.thecornerofficeblog.com/?p=1126#comment-43875 Recent meeting of OPEC countries announced that no more production cuts in near term. This helps the crude prices to increase moderately from the lowest level of $36/barrel in December. The demand for crude oil is expected to increase moderately from the countries such as China, U.S, etc. OPEC expects the market to bounce back in the price range of $50-60 per barrel by 2010. Recent meeting of OPEC countries announced that no more production cuts in near term. This helps the crude prices to increase moderately from the lowest level of $36/barrel in December. The demand for crude oil is expected to increase moderately from the countries such as China, U.S, etc. OPEC expects the market to bounce back in the price range of $50-60 per barrel by 2010.

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