Oil prices are falling on Monday morning after Opec decided against further production cuts at its meeting in Vienna on Sunday and instead is looking to achieve full compliance with the reductions it announced in December, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 43.65/bbl on the ICE platform, down USD 1.28 on Friday's close.
There would likely be further corrective weakness following Opec's decision to leave production quotas unchanged, one analyst said.
The producers' cartel remained intent on retaining their cu
Montag, 16.03.2009, 08:09 Uhr
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