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Oil Price Fundamental Daily Forecast – Oil Ministers May Try to Limit Libyan, Nigerian Production at Key OPEC Meeting

U.S. West Texas Intermediate and international-benchmark Brent crude oil posted a volatile two-sided trade last week before settling lower. The bullish price action was fueled by a bigger-than-expected draw in U.S. inventories. The bearish news was increased production from OPEC. September WTI crude oil futures settled at $45.77, down $0.98 or -2.10% and October Brent … Continue reading Oil Price Fundamental Daily Forecast – Oil Ministers May Try to Limit Libyan, Nigerian Production at Key OPEC Meeting


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Teva Pharm to reduce workforce in Israel, mainly in production

Teva Pharmaceutical Industries (TEVA.TA) said on Sunday it would lay off some of its 7,000 employees in Israel in the coming months as it reorganises in a drive to improve competitiveness. Teva, Israel's largest company, did not specify how many workers would leave, but a source close to the process told Reuters the number would be about 350, mainly in production. Teva (TEVA.N) employs 4,000 workers in production in Israel.


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