In surprise move, OPEC agrees to boost crude oil output

By Pete Southern in Gold and Oil News | September 13, 2007 13:38 |

In surprise move, OPEC agrees to boost crude oil output
VIENNA, Austria (AP) – OPEC sought to reassure jittery oil markets Tuesday by agreeing to boost crude production by 500,000 barrels a day – a move the cartel conceded was prompted partly by ‘clouds on the horizon’ from the U.S. housing slump. The
Source: c.moreover.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.


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