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Oil falls ahead of Opec meeting
if the market is coming to a view that opec will not be doing anything at all, then i think you might, w see oil prices lower and i think that is what's happening right now, said david moore, strategist at commonwealth bank of australia .
in may and june saudi arabia agressed to increase production by 500,000 bpd to help calm markets .
oil prices fairly well on tuesday, with analysts saying there were signs opec would decide to keep current production levels when it meets later in vienna .