Monday, March 12, 2007

Oil slumps to below $59

Oil fell more than a dollar to below $59/barrel on Monday, pressured by expectations Opec will not reduce production when it meets this week in Vienna.
US crude was $1.24 lower at $58.78 /barrel by 14:49 GMT. London Brent crude was down 84c at $60.33.

Read more at FIN24.co.za

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