Crude hovers around USD 56/bbl

Published on Tue, Jan 09, 2007 at 08:41 |  Source : Moneycontrol.com

Updated at Tue, Jan 09, 2007 at 09:13  

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Crude prices continued to hover around USD 56 dollar levels on speculation that the OPEC may cut production as much as it pledged to stabilise prices.

 

There is also speculation that it may call for an emergency meeting before the next scheduled gathering in March.

 

Currently, crude is trading at USD 59.52 per barrel, up 28 cents in after hours access trading on the Nymex.

  

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