OPEC Holds Output Steady –

OPEC has announced that the production ceiling will remain unchanged at 30 million barrels a day.  OPEC output for the month of May was above the production ceiling at 31.75 million barrels a day.  Global economic growth concerns were a contributing factor in leaving the production ceiling at the current level.  Crude oil traded slightly above $84 a barrel.

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Jim Sutliff

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