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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