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Monday, October 18, 2004


From CBS Marketwatch:
November crude traded as high as $55.33 a barrel overnight, then OPEC announced in a monthly report that it pumped 30.1 million barrels of oil a day in September -- the most since the 1970s, according to Phil Flynn, a senior analyst at Alaron Trading in Chicago.
Against this backdrop, crude for November delivery stood at $54.60 after falling 33 cents on the New York Mercantile Exchange.