Posted on 04/24/2003 11:28:10 PM PDT by JohnHuang2
Edited on 07/12/2004 4:02:48 PM PDT by Jim Robinson. [history]
OPEC decided at an emergency meeting yesterday to contend with a looming oil glut by curbing production, but crude still traded lower yesterday in New York.
A recent fall in prices, from more than $30 a barrel a week ago to as low as $25.61 yesterday, promises to benefit consumers and the struggling economy. Oil closed at $26.64 yesterday on the New York Mercantile Exchange.
(Excerpt) Read more at washtimes.com ...
Time to play hardball. Assassination of a couple of oil ministers should bring'em to heel.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.