7 January 2005, 13:33 U.S. crude oil prices traded around $45.30 a barrel
U.S. crude oil prices traded around $45.30 a barrel as an OPEC source told that the producer cartel would consider cutting formal output limits by 1 million to 1.5 million barrels per day at its end-January meeting if U.S. crude prices fall below $40 a barrel.
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