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MARKET WATCH: Brent crude dips to 4-year low on expected OPEC inaction

12.11.2014 / Energyboardroom

Brent crude oil prices on the London market reached a 4-year low Nov. 11 upon anticipation by traders and analysts that the Organization of Petroleum Exporting Countries will take no action to reduce abundant world oil supply. US light, sweet crude on the New York market gained slightly Nov. 11.

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