17.12.2008 - Expectations of two million barrel OPEC oil cut grow ahead of meeting
From Canadianbusiness.com: Expectations that OPEC will slash oil production by as much as two million barrels a day firmed on Tuesday after Saudi Arabia suggested a reduction of that magnitude is likely. Such a cut, while not unprecedented, would be considerable given that OPEC has already taken that much oil off the market since September in an attempt to stem crude's slide..... Full Article: Source