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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC keeps production ceiling amid signs of new output

Posted on 05 December 2013

The Organization of the Petroleum Exporting Countries kept its production ceiling unchanged Wednesday despite the threat of rising supply that could weigh on prices.
For the better part of a year, members of OPEC, a cartel of some of the world’s biggest oil producers, has been studying the possible market effects of increasing North American output. But now, the threat of surging supply from OPEC members themselves looms………………………………………..Full Article: Source


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