Oil falls after Opec decision
Reuters, London
Oil prices fell on Friday as speculative investors took profits following Opec's decision to leave output unchanged and as a rally fueled by cold weather forecasts in the United States lost steam.U.S light crude was down 22 cents at $31.04 a barrel, while London's Brent crude was 16 cents weaker at $29.07. During a volatile session on Thursday, oil prices dropped by more than half a dollar immediately after news that the Organization of the Petroleum Exporting Countries was leaving output unchanged, though it would meet again on February 10 to review its policy.
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