OPEC's supply cuts won't boost prices, says Deutsche Bank

[Kristy]

Deep supply cuts by OPEC members may not stop oil prices from falling further, Adam Sieminski, chief energy economist for Deutsche Bank, told Reuters. OPEC's efforts to pare production are 'coming in better than early expectations' but the exact amount of crude that must be cut to stabilize prices remains a guessing game, he said. OPEC's previous efforts to cut output to stabilize prices have had limited effect, he noted.http://rss.feedsportal.com/c/32213/f/425040/s/2d78626/mf.gifhttp://rss.feedsportal.com/images/emailthis2.gif (http://res.feedsportal.com/viral/sendemail2.html?title=OPEC's supply cuts won't boost prices, says Deutsche Bank&link=http://www.ameinfo.com/182040.html)http://rss.feedsportal.com/images/bookmark.gif (http://res.feedsportal.com/viral/bookmark.cfm?title=OPEC's supply cuts won't boost prices, says Deutsche Bank&link=http://www.ameinfo.com/182040.html)


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