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Crude Price Slips As Market Perceives Lower Demand, Improved OPEC Supply

The price of WTI fell to $102.54/B on 3 May as US economic data suggested a slowdown in economic growth and the potential for a dip in demand for fuel. US commercial inventories continue to rise and OPEC production is above its target of 30mn b/d. Speaking in Paris on 3 May, OPEC Secretary General 'Abd Allah al-Badri said the organization was averaging 32.2mn b/d. Saudi...