OPEC slashes oil production estimate; crude slumps again

OPEC slashes oil production estimate; crude slumps again

USA Today | December 10, 2014 | by John Waggoner and Gary Strauss

Crude oil prices hit fresh five- year lows Wednesday after the Organization of Petroleum Exporting Countries (OPEC) slashed estimates over how much crude it will need to produce in 2015, thanks to burgeoning supply from North America and other rising producers.

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