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OPEC meeting: Five things you need to know

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The OPEC group of oil producing countries is due to meet this Thursday, 27th November, for one of their most important meetings for years. With Brent trading around 80 dollars a barrel and with so much invested in energy stocks, global markets will react to any significant moves. 

With five things you need to know ahead of the OPEC meeting we look at the background to the oil price debate and pick out a handful of key facts that should help focus on possible market movements.

OPEC members supply 40% of world oil and control 75% of the world's oil supply. In the US, gas is now under USD 3 a gallon, meaning the average American family will be around USD 600 a year better off.

In the last quarter around USD 4.4 billion was invested by hedge funds in energy stocks.

Equity markets appear to be preparing for an oil price rise as pressure on Saudi Arabia increases.