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During intra-trading crude slipped USD 4 per barrel and is now trading at USD 63.76 per barrel
Earlier CNBC-TV18 has reported that crude prices had rebounded from 16-month lows on expectation that OPEC (Organization of the Petroleum Exporting Countries) would trim output to stem a slide in crude prices in its meeting scheduled today in
Gulf OPEC countries want supply cut of about one million barrels per day (bpd) while
Many traders say that they want a cut of at least two- three million bpd to stem the slide in prices, other wise this market could see the test of USD 50 per barrel soon.
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