Continuing its recent downtrend, oil prices have dipped below the US$78 mark on OPEC confirmation of ample supply to meet winter demand and trimmed oil demand estimates to an average 28.59 mln bpd in 2010, 20,000 bpd less than expected last month.
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Thursday, January 21, 2010
Oil falls as OPEC confirms inventories to meet winter demand, trims demand estimates
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