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OPEC keeping output quota unchanged is surprising: Oppenheimer & Co

PUBLISHED ON: June 8, 2011 | Duration: 9 min, 09 sec

   
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Fadel Gheit, MD of oil and gas research at Oppenheimer & Co, said OPEC oil ministers, failing to agree on an increase in their production quotas, is surprising. He said OPEC has agreed that oil prices are increasing not because of supply-demand gap but due to speculation.
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