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Commodities Briefing - Categorized | Oil, Price Watch more

Oil Prices Rise Before OPEC Meeting

Posted on 11 June 2014

Oil prices rising Tuesday to near $105 a barrel leaves smiling OPEC ministers with an easy task to leave crude output levels as they are at their Wednesday meeting. Brent North Sea crude has stayed above that price, the preferred level of top OPEC producer Saudi Arabia, all year and was trading near $110 on Tuesday, supported by the almost total loss of supplies from OPEC member Libya.
The Organization of the Petroleum Exporting Countries, whose dozen member nations pump more than a third of the world’s oil, is meeting in Vienna to agree on policy for the second half of the year………………………………………..Full Article: Source


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