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OPEC taps the brakes, for now
blogs.moneycentral.msn.com — The Las Vegas odds were 10-to-1 that OPEC would keep production level. A lot of gamblers lost money. The cartel cut daily production by 520,000 barrels a day to 28.8 million. While oil prices moved up a tiny bit on the news, no one in the market panicked. The change is almost too small to matter.
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