SINGAPORE: Oil prices slipped yesterday as dealers scooped up profits after Nigeria, an Organisation of the Petroleum Exporting Countries (Opec) member, said the cartel would discuss a production rise later this month, helping pull the market back from near all-time highs.
US light crude was down seven cents at US$53.50 a barrel, having tumbled sharply from yesterday's US$55.20 peak – the highest price since the contract hit a record US$55.67 on Oct 25.
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