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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch, Regulatory more

Commodities: OPEC output cut ignored

Posted on 18 December 2008

From Sharecast.com: The widely anticipated production cut by OPEC of 2.2m barrels of oil per day failed to arrest the slide in oil prices Wednesday.

The January futures contract for crude oil slipped $3.54 to $40.06, despite the biggest cut in production ever announced by OPEC….. Full Article: Source


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VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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