But prices have since rebounded. In early afternoon trade US light, sweet crude was at $62.90 a barrel while Brent crude had reached $63.92.
147
OPEC May Cut Oil Prices
According to experts, OPEC members want another reduction in oil quotas
There is a possibility tu cut oil output by OPEC at its next meeting later this month. because of weakening dollar.
On Monday the dollar hit a 20-month low against both the euro and the pound.
According to experts, OPEC members want another reduction in oil quotas, after opting for an emergency cut in October.
But prices have since rebounded. In early afternoon trade US light, sweet crude was at $62.90 a barrel while Brent crude had reached $63.92.
But prices have since rebounded. In early afternoon trade US light, sweet crude was at $62.90 a barrel while Brent crude had reached $63.92.
Подпишитесь
