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WTI crude under $70 a barrel

OPEC declines to cut output

Redazione Ansa

(ANSA) - Rome, November 27 - The price of North American crude oil fell to under $70 a barrel on the London market Thursday after the 12-member Organization of Petroleum Exporting Countries (OPEC) chose not to take action to ease supply on a glutted market, according to analysts. West Texas Intermediate (WTI) tumbled to $69.91 a barrel after the decision by the oil producers cartel, Bloomberg news agency reported.
   

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