Oil rise again, exceeding forty dollars a barrel, with the increasing expectations that the gradual reductions in supply by the Organization of Petroleum Exporting Countries (OPEC) started in a positive impact in supporting the price of crude. The rise in crude prices despite the weakness of global demand for energy and this confirms what was said by some analysts that OPEC's decision to withhold more than four million barrels per day of production since September in order to restore balance in the global markets began to bear fruit.
Tuesday, February 3, 2009
Oil exceeding forty dollars and was expected to rise
Oil rise again, exceeding forty dollars a barrel, with the increasing expectations that the gradual reductions in supply by the Organization of Petroleum Exporting Countries (OPEC) started in a positive impact in supporting the price of crude. The rise in crude prices despite the weakness of global demand for energy and this confirms what was said by some analysts that OPEC's decision to withhold more than four million barrels per day of production since September in order to restore balance in the global markets began to bear fruit.
