DAVOS, Switzerland: OPEC Secretary-General Abdullah al-Badri expressed confidence on Wednesday that oil prices, currently near their lowest since 2009, will rebound, and defended the producer group's decision not to cut output in November.
Oil prices have fallen almost 60 percent since June, reaching a 2009 low close to $45 a barrel earlier this month, partly because of OPEC's November decision not to cut output.
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