| 12.08.2011 - No alarm in OPEC yet on falling oil price |
| OPEC, source of more than a third of the world's oil, is unlikely to become concerned about a slide in oil prices unless Brent crude falls towards $90 a barrel, OPEC delegates said on Thursday. Brent LCOc1 has fallen to $106 a barrel, down more than $20 from its peak this year of $127.02, on concern of slowing oil demand due to the European debt crisis and a weakening economic outlook for the United States..............................................Full Article: Source |