Oil Prices Hold Above $61 a Barrel
Oil prices held above $61 a barrel Tuesday as the market awaited OPEC's decision this week on whether to further cut production in order to shore up prices.
The market is somewhat uncertain what to expect from Thursday‘s meeting in Nigeria of the 11-member Organization of Petroleum Exporting Countries (OPEC).
It was premature to consider another production cut for OPEC.
The market is somewhat uncertain what to expect from Thursday‘s meeting in Nigeria of the 11-member Organization of Petroleum Exporting Countries (OPEC).
It was premature to consider another production cut for OPEC.
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