Oil Supply May Be Ahead of Demand -OPEC (Reuters)

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February 28th, 2005, 11:00 PM

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Oil Supply May Be Ahead of Demand -OPEC (Reuters)

Reuters - World oil supply may be running at a
small excess of up to 200,000 barrels per day (bpd) and high
prices at close to $52 are more a reflection of speculation
than fundamentals, a top OPEC official said on Tuesday.

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