Crude surges on weak $, calls for output cuts by OPEC

Crude oil prices surged to trade near USD 48 per barrel, up more than 10%, after the OPEC President called for more severe production cuts and the dollar fell to a seven-week low versus the euro. It, however, has slipped to trade around USD 47 per barrel.
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Home » News » Commodities

Dec 12, 2008, 01.30 PM | Source: CNBC-TV18

Crude surges on weak $, calls for output cuts by OPEC

Crude oil prices surged to trade near USD 48 per barrel, up more than 10%, after the OPEC President called for more "severe" production cuts and the dollar fell to a seven-week low versus the euro. It, however, has slipped to trade around USD 47 per barrel.

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Crude surges on weak $, calls for output cuts by OPEC

Crude oil prices surged to trade near USD 48 per barrel, up more than 10%, after the OPEC President called for more "severe" production cuts and the dollar fell to a seven-week low versus the euro. It, however, has slipped to trade around USD 47 per barrel.

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Crude oil prices surged to trade near USD 48 per barrel, up more than 10%, after the OPEC President called for more severe production cuts and the dollar fell to a seven-week low versus the euro. It, however, has slipped to trade around USD 47 per barrel.

 

In after hours access trading, crude is trading down 2.30 cents at USD 45.68 per barrel.

 

Tags  crude Nymex OPEC
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Crude surges on weak $, calls for output cuts by OPEC

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