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  1. Brent Oil Flops on Production Outlook

    by , 09-03-2014 at 12:44 AM


    Brent crude declined, stretching its two-month drop further, as OPEC’s oil output was predicted to soar to the highest level in a year. West Texas Intermediate dropped in New York.

    Futures reversed as much as 0.4% in London, having lost more than $9 in July and August. The Organization of Petroleum Exporting Countries bolstered production by 891,000 barrels per day to 31 million in ...