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Oil prices go up on suggestion of major production cut

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12.08.2008

Cybergal

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Oil prices go up on suggestion of major production cut

Oil prices go up on suggestion of major production cut
12/8/08

Quote:

Oil prices bounced off four-year lows to above $43 a barrel Monday as OPEC's president suggested the group could surprise investors with a large production cut later this month.
By midday in Europe, light, sweet crude for January delivery was up $1.66 to $42.47 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose as high as $43.47 earlier in the session before retreating.
More >> http://www.thetrucker.com/News/Stori...uctioncut.aspx

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