| 16.12.2008 - Oil steady below $45 ahead of expected OPEC cut |
| From Reuters: Oil steadied below $45 on Tuesday, bolstered by expectations that OPEC will agree its largest supply cut ever, after dropping 4 percent the previous day on persistent worries of a deepening economic slump. A weaker dollar, which tends to support commodities, also lent a hand. U.S. light crude for January delivery rose 11 cents to $44.64 a barrel at 0115 GMT (8:15 p.m. EST on Monday) after falling as low as $44.10 on Monday..... Full Article: Source |