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Opec: Oil to trade between $70, $80

15 April 2010

Opec's monthly report has said that oil prices are likely to trade between $70 and $80 a barrel in coming months, supported by improving economic and oil market conditions, Reuters has reported. "Current conditions in the world economy and the very comfortable outlook for oil market fundamentals are likely to remain supportive for prices to continue to move within this range ($70-$80) over the coming months," the report said.

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