Crude oil futures rose above $71 a barrel after China set new refining records and announced a big increase in November oil imports, Bloomberg reports .
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Crude oil futures inched upward over $43 Thursday after a big drop the day before and in anticipation of an OPEC production cut this weekend, Bloomberg reports . The odds of a 1 million barrel-per-day cut are about 50-50, a senior OPEC delegate tells the WSJ , but tensions flare between producers that have cut and those that haven’t. AT&T’s push into natural-gas fueled vehicles could have been even more ambitious if partner Ford had been up to the challenge , says the Sierra Club’s Carl Pope, at Huffington Post. |
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