Oil prices ease on OPEC assurance

OPEC has announced that it will act to cool oil prices if they kept rising, easing crude oil futures. If the prices rise any further, then there will be a reaction from Opec to help lower these prices. Despite OPEC reassurances, the market remains sceptical. IPE Brent for April delivery slipped to US$48.51 a barrel in London trade, after rising more than 4% in the previous session.
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