Oil Prices Fall Below $90 A Barrel

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Oil Prices Fall Below $90 A Barrel

IVXX
Advanced Member
IVXX
Advanced Member
Joined: Oct 20 2006, 06:40 PM

Nov 30 2007, 02:59 PM #1

Traders eye OPEC meeting, signs of slowing U.S. economy

NEW YORK - Oil prices fell Friday on expectations that OPEC will increase output next week and on fading concerns of a supply disruption from a U.S. pipeline fire.

Light, sweet crude for January delivery fell $1.55 to $89.46 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. On Thursday, the crude contract gained 39 cents to settle at $91.01 a barrel in choppy trade.


Whole story at MSNBC.com
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