« November auto sales due today, lowest figures in decade seen | Main | Former GM Chief Smith Dies »

Oil Prices Fall Ahead of OPEC Meeting

Oil prices fell Monday in a volatile market on speculation that OPEC may still boost output at its meeting this week despite last week's sharp price drop, according to the Associated Press.

Light, sweet crude for January delivery was down 67 cents to $88.04 in electronic trading on the New York Mercantile Exchange by midafternoon in Europe. The contract had earlier traded as high as $89.94 and as low as $87.47.

Posted by Peter C. T. Elsworth  at 10:51 AM to Crude oil market | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)