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OPEC oil price stays put as cartel sticks to output limit
Oct 15, 2010, 9:57 GMT
Vienna - The Organization of the Petroleum Exporting Countries (OPEC) said Friday that its oil price stayed nearly level at 80.95 dollars on Thursday, the same day that the group decided to stick to its production limit.
OPEC's basket price inched up 0.05 dollars per barrel (159 litres).
The cartel's 12 oil ministers decided in Vienna to neither expand output, in order not to add to current high stock levels, nor to curb supply so as not to hamper the global economic recovery with higher oil prices.
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