| 25.03.2009 - US$60 oil within reach, officials say |
| From UPI: Production cuts from the OPEC oil cartel stabilized oil prices and put $60-per-barrel oil within reach despite falling demand, the Algerian oil minister said. Production cuts of 2.2 million barrels today enacted in January by the Organization of Petroleum Exporting Countries have stabilized oil prices in the world market. Prices hovered at around $45 since late last year but have spiked more than $50 in recent trading.....Full Article: Source |