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Yep, Right On Schedule

/ Energy markets / By Lynne Kiesling

According to Bloomberg News, OPEC may boost its quota by as much as 750,000 barrels per day. Even with all of the Iraq talk, Nymex crude closed at only 58 cents higher than Wednesday, at $28.92. Remind me again why people think that markets are unpredictable … ? Even when folks like OPEC try to mess with them, we adjust our expectations.

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