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Commodities Briefing - Categorized | Oil, Resources more

OPEC assures ample oil supply

Posted on 15 October 2012

The Organization of Petroleum Exporting Countries assured world financial leaders Saturday that the oil market will remain amply supplied next year and that the cartel is committed to a stable market and prices that are healthy for an increasingly fragile global economy.
Oil price strength, stemming partly from fears over an escalating conflict with major oil producer and OPEC member Iran, has weighed on the global economy, adding to factors threatening to push advanced economies into another recession………………………………………..Full Article: Source


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