Keyword: 80dollars

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Keyword: 80dollars

OPEC would cut oil output at below $80: source ($80, a new support level?)

10/08/2008 8:56:03 PM PDT · by TigerLikesRooster · 46 replies · 966+ views
Reuters ^ | 10/08/08

News from Reuters OPEC would cut oil output at below $80: source 08/10/08 DUBAI (Reuters) - OPEC is unlikely to cut output at its meeting in December unless the price for crude produced by its members falls below $80 a barrel, an OPEC source said on Wednesday. The price for OPEC's basket of crude stood just above that threshold on Tuesday, at $80.04 a barrel. U.S. crude, which trades a few dollars higher than OPEC oil, slid to a 10-month low on Wednesday on concern that the international financial crisis would have a major impact on demand for energy. "The...

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