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Oil at $88 a barrel
- Saudi Arabia: Saturday, December 08 - 2007 at 09:14
Oil ended the week below $90 a barrel as a stronger dollar helped to cool prices, reported the BBC. US light crude closed down almost $2 at $88.3 a barrel, while London Brent was trading at $88.6, a retreat of more than $1.5. Longer term forecasts remain problematic after concerns over Iran's nuclear policy eased somewhat this week but Opec also refused to up production as winter kicks in.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 08 - 2007 at 09:14 UAE local time (GMT+4)
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