Crude oil prices are moving down this morning after Opec said on Saturday that it would not cut production further.
At its extraordinary meeting on Saturday, Opec said it would wait to judge the effect of the 1.5m barrel cut agreed on 24 October, reports Bloomberg.
The Brent crude oil front-month contract was last traded down USD 1.32 at USD 52.17/bbl, while the January WTI contract last changed hands USD 1.23 below the Friday close at 53.20/bbl.
On Friday, the contract in London clo
Montag, 1.12.2008, 08:24 Uhr
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