Ottawa Gas Prices, Traffic and Transportation Blog

Ottawa Gas Prices, Traffic and Transportation Blog. News, Articles, Analysis, Statistics, Observations, Forecasts, Opinions, Comments and Data on the Gas Prices, Traffic and Transportation in Ottawa (Ontario, Canada).

Tuesday, December 12, 2006

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.

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