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Oil price jumps to $36
- United Arab Emirates: Saturday, December 27 - 2008 at 09:58
Oil price has climbed above $36 a barrel on Friday after the United Arab Emirates has joined Saudi Arabia in curbing supply along with OPEC's biggest ever output cut announced last week, Reuters has reported. The Abu Dhabi National Oil Co has said it would cut February supplies of Murban and Upper Zakum by 15% and Lower Zakum and Umm Shaif by 10% each.
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Medilyn Manibo, Assistant News EditorSaturday, December 27 - 2008 at 09:58 UAE local time (GMT+4)
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