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OPEC keeps oil output on hold despite low prices

VIENNA (AP) OPEC oil ministers have decided to keep their present output target at 30 million barrels a day, despite an oversupply of crude and plunging prices. The decision Thursday was expected. OPEC oil power Saudi Arabia had indicated before the meeting that it favors the status-quo. The Saudis are the top producers within the 12-nation organization and effectively decide the cartel's policy. Some less well-off members had favored a cut, to reduce supplies and push prices back up. But of...

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