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All eyes on Yukos as OPEC keeps it real

Everything seems comparatively calm this week with only a brief spike in oil prices on the back of the usual supply fears – labour unrest and terrorist activities. The major blip on the production radar is the plight of the troubled Yukos, however OPEC moved quickly to ease the market, guaranteeing to fulfill its production promises.

All eyes on Yukos as OPEC keeps it real

New York's benchmark contract, light sweet crude for delivery in August, fell 20 cents to US$40.77 a barrel, retaining most of a US$1.53 jump the previous day on low US stock reports, while Brent North...

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