OIL PRICES SLIDE IN RESPONSE TO OPEC'S NEW QUOTA

Roger Vielvoye International Editor World crude oil markets delivered a harsh verdict on the Organization of Petroleum Exporting Countries' attempt to return to a production ceiling backed by individual quotas. A fragile looking 22.982 million b/d compromise ceiling hammered out Feb. 15 after a 4 day ministerial meeting sent crude oil prices tumbling.

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