OPEC will Act to Prevent Excessive Rise in Oil Prices

WTI crude oil prices fluctuated but eventually ended the day with mild losses. The February contract slid -0.17% to 91.38 as operations of Alaskan pipelines resumed and IEA reported OPEC has quietly raised its outputs. The March contract for Brent crude, however, recovered modestly after dropping on Monday.

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OPEC will Act to Prevent Excessive Rise in Oil Prices