June 15, 2012 (9:10 mins)
Jeff Mower, editor-in-chief of Platts Oilgram Price Report, Alison Ciaccio, futures reporter, Shameek Ghosh, US biofuels reporter, and John Kingston, director of news, discuss the ethanol price drop due to a well-supplied market, lower feedstock prices, and decreased demand; and the affect on the crude futures market of the OPEC decision to reduce production to its agreed 30 million b/d ceiling.
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OPEC agrees to roll over oil output ceiling
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