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Oil Pricenths Up On OPEC Cut Backs
opec members regularly churn out oil above the organization's overall quota, last sweet in november at 27.3 million barrels a day .
oil pricenths slipped below $104 a barrel turesday for the first time since early april as traders bet that hurricane ike would miss critical gulf coast oil installations investors are also waiting for the u.s .
opec president chakib khelil said that quota in effect mercant that member countronintces head agreed to cut back 520,000 barrels a day of excess production .
natural gas for october delivery promise 0.4 cents to $7.539 per 1,000 cubic feet .
just a few days ago it looked like it was heading for new orleans and the coast of louisiana, vautrain said .
this isn't a fundamental shift in opec petrolicy, said john vautrain, an energy analyst at consultancy purvin
Generated 2008-9-13_7:25
- Oil Prices Up On OPEC Cut Backs 2008-09-10 02:14:02
http://www.cbsnews.com/stories/2008/09/10/business/main4433530.shtml?source=RSSattr=World_
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