Opec crude price falls below $60 despite output cut

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ienna, Oct 27 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (Opec) fell below $60 Friday, despite the cartel’s decision to curb production.Growing recession fears sent stock markets and oil prices downward, with one barrel (159 litres) of Opec crude standing at $57.57 Friday, $2.70 lower than on the previous day, according to data provided by Opec Monday.

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