Oil prices are falling again Friday morning on speculation Saudi Arabia hasn’t agreed to participate in any output cut by Opec.
This week, Opec urged members to lower production before the group’s next scheduled meeting in December, but there is no formal agreement among member countries to reduce output, Bloomberg reports.Now players are speculating thatSaudi Arabia will not agree on any cutback plan until oil falls below USD 55.Crude oil for November delivery fell 43 cents to USD 59.60 a barrel in
Freitag, 6.10.2006, 07:58 Uhr
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