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Crude price slips ahead of Opec meeting
- Middle East: Sunday, September 06 - 2009 at 12:28
The belief that Opec will not change crude oil output at its meeting this week has pushed prices down, on the expectation of weaker demand as summer draws to a close. The group is expected to keep output at 24.5845 million barrels a day. Bloomberg reported that crude is poised for its biggest decline in eight weeks, with analysts stating that Opec doesn't mind where the price is, as long as it is higher than $60, but not so high that it curbs demand.
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StaffSunday, September 06 - 2009 at 12:28 UAE local time (GMT+4)
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