Opec to keep quotas unchanged

[Kristy]

Ministers from Opec's 12 member countries agreed, as expected, for the fifth time since 2008 to keep production limits unchanged at 24.845 million barrels a day, amid signs that a worldwide glut of crude is disappearing along with the recession, Bloomberg has reported. The group has reaffirmed the quotas at every meeting since they were set in December 2008.

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