Crude oil prices strengthened on Friday on concerns that Opec members will join Venezuela and Nigeria and cut production to hold prices above USD 60 a barrel.
Venezuela and Nigeria “voluntarily” cut output by a combined 170,000 barrels a day starting yesterday, Bloomberg reports, and says the cuts are regarded as a bullish factor in the short term.Crude oil for November delivery rose 41 cents to USD 63.32 a barrel in after-hours trading on the New York Mercantile Exchange. In London , Brent crude oil gained 32 cents to USD 62.80 a
Montag, 2.10.2006, 08:21 Uhr
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