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Commodities Briefing - Categorized | Market Moves, Oil, Resources more

OPEC holds oil output, warns on risks to recovery

Posted on 15 October 2010

From AFP: The Organization of Petroleum Exporting Countries left its official oil production target unchanged on Thursday, claiming the market was well supplied amid risks to the economic recovery.
OPEC, which pumps 40 percent of the world’s oil, agreed to keep its target at 24.84 million barrels a day at a ministerial meeting here against an unclear price outlook and data pointing to surprisingly strong energy demand……………………………………….Full Article: Source

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