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| DrumBeat: July 19, 2007  | | 
Washington urges Opec to raise production
Crude oil prices yesterday jumped more than $1 a barrel after an unexpected drop in US crude and products inventories and strong demand growth.
The inventories decline, which suggests a tightening of the crude oil market, came as the US government yesterday asked the Organisation of the Petroleum Exporting Countries to raise its production.
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EIA's Caruso: OPEC Needs to Up Production for 2nd... | | view full article |
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