USD 62.8666

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EUR 70.7941

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BRENT 62.84

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AI-95 45.75

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AI-98 51.34

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13

Japan Turns to Spot Market

Interesting move as OPEC cuts near...

The oil refining unit of Nippon Mining Holdings, Japan Energy Corporation, is buying more crude oil in the spot market because of Opec's decision to cut supply volumes from April. Analysts said this sort of action would probably send oil prices higher.