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| Version 2 | Version 3 |
|---|---|
| Oil prices waver after Opec keeps output levels intact | Oil prices waver after Opec keeps output levels intact |
| (about 4 hours later) | |
| Crude oil prices bobbled about after ministers from the Opec cartel decided to hold production levels at 30 million barrels per day. | Crude oil prices bobbled about after ministers from the Opec cartel decided to hold production levels at 30 million barrels per day. |
| In London afternoon trading, Brent crude traded in a narrow range around $62 a barrel, while US sweet light crude was around $58 a barrel. | |
| Oil prices have fallen 5% over the previous two sessions, with investors worrying about oversupply. | Oil prices have fallen 5% over the previous two sessions, with investors worrying about oversupply. |
| Those concerns have pushed oil prices down about 45% over the past year. | Those concerns have pushed oil prices down about 45% over the past year. |
| Opec urged member countries to adhere to the production ceiling. | Opec urged member countries to adhere to the production ceiling. |
| Qatar's Minister of Energy and Industry said: "We have witnessed much volatility in the global oil industry." | Qatar's Minister of Energy and Industry said: "We have witnessed much volatility in the global oil industry." |
| Mohammed Bin Saleh al-Sada said the markets have seen continued oversupply. | Mohammed Bin Saleh al-Sada said the markets have seen continued oversupply. |
| Opec has 12 member countries that between them sit on 80% of the world's oil reserves and produce about a third of the world's oil exports. | Opec has 12 member countries that between them sit on 80% of the world's oil reserves and produce about a third of the world's oil exports. |