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Commodities Briefing - Categorized | Market Moves, Oil more

Gulf OPEC oil producers see no need to trim output

Posted on 15 April 2013

Gulf Arab OPEC oil producers do not see the need to change production levels to support crude prices, OPEC delegates said after benchmark Brent touched nine-month lows on Friday.
A sell-off in commodities saw Brent contracts fall from around $106 a barrel on Wednesday to lows near $101 on Friday. Brent recovered to $103.11 at close of trade last week and Gulf exporters are happy to leave production unchanged at current price levels, delegates from all the Gulf Arab OPEC producers said over the weekend……………………………………….Full Article: Source


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