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OPEC cuts buoy oil prices

DESPITE more gloomy economic data, the oil price bobbed above $US40 a barrel early this week on s...

Marija Stojkovic

Last night, crude oil for March delivery rose to 81c to $US40.89/bbl on the New York Mercantile Exchange. New York’s Western Texas Intermediate, however, dropped from $US41.35 on Monday to settle at...

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