Doubts over whether Opec will manage to cut production pushed oil prices further down yesterday. Coal prices also dropped while the development in the gas markets where more mixed.
The front month crude contract at Nymex fell by 93 cents to USD 57.59/barrel yesterday while Brent for November dropped 69 cents to end the day at 58.65. This morning Brent was last seen at 58.70.There have been conflicting statements on whether Opec will agree to a production cut, Financial Times reports, prompting scepticism on whether the group is able to cut output. In addition, the
Donnerstag, 12.10.2006, 08:09 Uhr
Redaktion
© 2024 Energie & Management GmbH