Expectations that Opec will keep production quotas steady pushed oil prices down at the start of the week. Meanwhile, the price of emitting CO2 rose in tandem with German power and gas.
The front month contract at the ICE fell 39 cents to USD 60.74/barrel yesterday, while the price in New York dipped below the 60 dollar mark to settle at 58.91(-1.14).Despite the onset of spring, Opec will probably not reduce its production quotas at this week’s meeting in Vienna. Another bullish signal came from the meteorologists, that predict warmer weather than normal in the U
Dienstag, 13.03.2007, 08:07 Uhr
Redaktion
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