Crude oil fell almost two dollars to a 19-month low yesterday after Saudi Arabia cast doubt over a possible production cut by Opec. This morning prices are returning north.
The Saudi oil minister, Ali al-Niaimi, said yesterday that measures already taken by Opec were working well as oil stocks had fallen and the market was moving closer to balance, according to the Financial Times. The statements were seen as the main reason why Brent crude for March fell 1.83 to settle at USD 51.62/barrel and the February contract at Nymex fell 1.78 to 51.21.This morning p
Mittwoch, 17.01.2007, 08:02 Uhr
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