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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC would be concerned by $120 oil

Posted on 30 March 2011

OPEC would be concerned by any rise in oil prices to $120 a barrel and would then consider whether it needed to hold an emergency meeting, an OPEC delegate said on Tuesday.

At present, however, all members of the Organization of the Petroleum Exporting Countries believe the oil market is well supplied despite the loss of Libyan crude and see no need for a meeting before its next scheduled gathering on June 8……………………………………..Full Article: Source


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