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FGE In The Media

Crude falls again amid suggestions that OPEC cutback deal isn't enough to revive market


As West Texas Intermediate on Thursday dropped in price by 34 cents to settle at $53.54, analysts suggest that the Organization of the Petroleum Exporting Countries' (OPEC) cutback agreement – which earlier this week was heralded for achieving an 80 percent compliance rate - simply isn't enough to revive a tepid market.


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