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Oil firms near $52 as U.S. driving season starts 2 NEW YORK
seven Published in Saudi Press Agency on 30 - 05 - 2005


month high, before stepping back to $1.2301.
Aside from tempting funds out of energy into potentially greener pastures, a stronger dollar can make dollar-denominated oil more expensive for investors using other currencies.
Ministers of the Organization of Petroleum Exporting Countries are scheduled to meet in Vienna on June 15 to consider output policy for the second half of the year. The cartel has been pumping at 25-year highs in an attempt to keep prices in check.
--More 2322 Local Time 2022 GMT

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