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MOSCOW (Reuters) – Russia and OPEC could decide to increase production in order to fight to win market share with the United States, but would see the price of oil drop to $ 40 per barrel , announced Saturday the TASS news agency, Anton Siluanov.
Siluanov told Washington that oil prices could drop to $ 40 a barrel or even up to a year if the contract of production reduction is dropped.
(Report by Maxim Rodionov, Edited by Jane Merriman)
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