| 27.01.2009 - Oil falls despite Opec output cut |
| From BBC: Oil prices have fallen by more than $1 a barrel on continued forecasts of a deepening global economic downturn. US light crude for March delivery fell $1.22 to $45.25 a barrel, before recovering slightly to $45.52. London Brent crude slipped $1.00 to $47.37. Oil prices rose by 14% towards the end of last week on evidence that Opec oil producers were reducing output..... Full Article: Source |