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MARKET WATCH: NYMEX crude oil prices rebound

02.12.2014 / Energyboardroom

Oil prices rebounded by nearly $3 on the New York market Dec. 1 to settle at $69/bbl after plunging more than $7/bbl in a single trading session last week in reaction to a decision by members of the Organization of Petroleum Exporting Countries to keep their current production quota.

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