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Commodities Briefing - Categorized | Oil, Price Watch more

Kuwait sees oil prices ’soar in few days’

Posted on 12 January 2009

From Tradearabia.com: Oil prices are expected to rise in coming days as Opec’s output cuts kick in and demand rises because of cold weather, a Kuwaiti oil official said in remarks published on Sunday.

The Organization of the Petroleum Exporting Countries (Opec) agreed last month to its deepest ever single supply cut of 2.2 million barrels per day to halt a plunge in oil prices of more than $100 from a peak last July that topped $147 a barrel….. Full Article: Source


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