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Commodities Briefing - Categorized | Oil, Price Watch more

Oil dips below $63 as faltering demand trumps OPEC

Posted on 29 October 2008

From Guardian: Oil prices dipped below $63 a barrel on Tuesday as concerns about faltering demand offset OPEC comments suggesting the producer group could throttle back output again to support prices.

U.S. crude settled down 49 cents at $62.73 a barrel, before rising to $64.10 in post-settlement trade. London Brent crude settled $1.12 lower at $60.29 a barrel….. Full Article: Source


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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