Economy

Pale Blue Dot

(16,834 posts)

2. Oil inches below $100 ahead of OPEC meeting

Wed Dec 14, 2011, 08:15 AM

Dec 2011

SINGAPORE – Oil prices inched down below $100 a barrel Wednesday in Asia amid expectations OPEC will likely keep its output quotas unchanged.

Benchmark crude for January delivery was down 29 cents to $99.85 a barrel in midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.37 to settle at $100.14 on Tuesday.

In London, Brent crude was down 16 cents at $109.34 on the ICE futures exchange.

The Organization of Petroleum Exporting Countries will meet later Wednesday in Vienna amid a slowing global economy threatened by rising energy costs. The 12-nation group will also seek to avoid a supply glut as Libya's oil exports gradually recover next year.

http://old.news.yahoo.com/s/ap/oil_prices

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STOCK MARKET WATCH, Wednesday, December 14, 2011 [View all] Pale Blue Dot Dec 2011 OP

Today's Reports Pale Blue Dot Dec 2011 #1

Oil inches below $100 ahead of OPEC meeting Pale Blue Dot Dec 2011 #2

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Hugin is going to grab the reins temporarily. Fuddnik Dec 2011 #10

Finally! Hugin Dec 2011 #45

Ah, great. Ghost Dog Dec 2011 #98

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I'm finding that with teh DU3 I'm having to have two DU tabs open. Hugin Dec 2011 #40

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