nimit-khamar – The Mail & Guardian

/ 1 December 2007

Oil prices slump ahead of Opec meeting

Oil prices fell back below a barrel on Friday amid speculation that the Organisation of the Petroleum Exporting Countries (Opec) will decide to increase its output at a meeting next week, analysts said. New York’s main contract, light sweet crude for January delivery, fell ,03 to close at ,71 per barrel, after earlier striking a one-month low of ,52.

By Staff Reporter

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Article

/ 30 November 2007

Oil prices slump below $90 a barrel

The price of oil fell back below a barrel on Friday as the market speculated about the chances of an increase in Organisation of the Petroleum Exporting Countries output at the cartel’s meeting next week, dealers said. New York’s main contract, light sweet crude for January delivery, was down ,75 to ,35 per barrel.

By Staff Reporter