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"It's not yet clear that OPEC is disciplined in cutting production," Moore said. "Compliance will be a key issue going forward." But JBC Energy in a market note cited reports of some OPEC cuts being enacted. "The (Saudi) kingdom has reportedly notified refiners that November crude shipments will be around 900,000 ... (barrels a day) ... lower than August volumes," said the Vienna-based JBC. "Similar reports were also recently heard from Venezuela, Algeria, Qatar, and the UAE." Oil prices have fallen by about 55 percent since peaking at $147.27 a barrel in mid-July. In other Nymex trading, gasoline futures fell more than 7 cents to fetch $1.46 a gallon, heating oil plunged more than 8 cents to $2.08 a gallon and natural gas for December delivery fell 10 cents to trade at $7.12 per 1,000 cubic feet. In London, December Brent crude fell $2.17 to $64.27 on the ICE Futures exchange.
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