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Oil retreats ahead of OPEC meeting

THE oil price eased last night ending its one-day rally as an upcoming OPEC meeting and a holiday weekend in the United States limited trade.

Marija Stojkovic
Oil retreats ahead of OPEC meeting

Last night, New York's Western Texas Intermediate closed marginally lower to $US54.05 a barrel. On Wednesday the oil price rose sharply to almost $US55/bbl as US stocks rallied and the second-largest...

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