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Crude falls again amid suggestions that OPEC cutback deal isn't enough to revive market

Oil
 

As West Texas Intermediate on Thursday dropped in price by 34 cents to settle at $53.54, analysts suggest that the Organization of the Petroleum Exporting Countries' (OPEC) cutback agreement – which earlier this week was heralded for achieving an 80 percent compliance rate - simply isn't enough to revive a tepid market.

 

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