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Talk of Oil-Supply Cut Sends Prices Higher

By Kevin Spak,  Newser Staff

Posted Feb 9, 2009 9:22 AM CST

(Newser) – Oil approached $41 a barrel today after OPEC said it would cut its output if necessary to stabilize prices, Reuters reports. “I think we still need more action,” OPEC’s secretary-general said, promising the cuts would be more thorough than many expected, with...   Read full story »

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