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OPEC oil price creeps upwards, fails to rise above 40 dollars

Sahil Nagpal 22 January 2009

OPEC oil price creeps upwards, fails to rise above 40 dollars Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 20 cents Wednesday, too little to break the 40-dollar mark, according to figures released by OPEC Thursday.