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Opec seen defending strategy of letting oil price sink

Wednesday, November 25, 2015 - 05:50

London

IT'LL take more than US$40 crude to make the Organization of the Petroleum Exporting Countries (Opec) change its mind, analysts said before the group's Dec 4 meeting in Vienna.

In the year since Opec chose to defend its market share, and let prices sink, a 44 per cent plunge