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Oil prices fell below $54 a barrel in Asia as investors eyed a possible production cut by OPEC this
Friday, November 28, 2008 profit.ndtv.com
(
Business
)
Oil prices fell below $54 a barrel on Friday in Asia as investors eyed a possible production cut by OPEC this weekend amid a gloomy global demand outlook.
Light, sweet crude for January delivery was down $1.10 to $53.34 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore. Trading was closed Thursday in the U.S. for the Thanksgiving holiday.
Oil prices have f
Tags :
Asia
OPEC
global
New-York
Singapore
U.S.
Jonathan-Kornafel
market
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