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Commodities Briefing - Categorized | Oil, Price Watch more

With crude oil below $100, OPEC debates price

Posted on 07 October 2011

A split between OPEC oil producers has resurfaced in recent days as economic risks and the return of Libyan output has sent oil prices under $100 a barrel and opened up a debate on just how low prices should go before OPEC takes action.
This week, the basket of average crude prices sold by members of the Organization of Petroleum Producing Countries and the Brent oil contract widely used by its clients both closed under $100 a barrel for the first time since February……………………………………….Full Article: Source

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