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OPEC Shadow Boxes Ahead of Next Oil Supply Curb

What is Saudi Arabia's bottom line for propping up oil prices unilaterally before it leans on the rest of OPEC to help share the burden? At $112 a barrel for Brent crude, well above OPEC's preferred $100, it may not look like a hot issue just yet. According to Ali al-Naimi, oil minister for Saudi Arabia, OPEC's biggest producer, the oil market is in “the best situation it can be” and at “the right price.” That was reflected in Wednesday's...

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