OPEC is concerned about the potential impact of near-record oil prices on the world's economy, but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
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Oil Prices Eased On OPEC Concerns on Global Economy
Oil prices fell on Monday after remarks by oil producer group OPEC concerns...
Oil prices fell on Monday on OPEC concerns about the potential impact of high oil prices on the global economy.
U.S. crude for September delivery was trading 31 cents lower at $75.48 a barrel in Globex electronic trading, extending Friday's decline.
The U.S. August crude oil contract settled down 35 cents at $75.57 a barrel on Friday, when it expired.
OPEC is concerned about the potential impact of near-record oil prices on the world's economy, but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
OPEC is concerned about the potential impact of near-record oil prices on the world's economy, but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
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