Crude prices are rising after Opec agreed yesterday to cut oil production by 1.2 million barrels a day.
Brent for November was last seen at USD 61.18/barrel, up 31 cents from yesterday’s settlement. Yesterday, the front month Brent contract gained 1.29 to end the day at 60.87 while the Nymex contract for December gained 1.20 to 60.50.There have been disagreement within Opec on the proposed cuts, but yesterday all the ten active members agreed to participate on a pro rate basis, Edmun
Freitag, 20.10.2006, 07:58 Uhr
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