Selasa, 21 Oktober 2008

World News: World oil prices decline

Metrotvnews.com, Tehran: The price of crude oil the world again after the previous decline was increased. This occurred following the country's oil producers plan (OPEC) to reduce their production in this weekend.

Iranian Minister of Petroleum Gholam Hossein Nozari, on Tuesday (21/10), said Tehran believes OPEC will reduce production of between two to 2.5 million barrels per day. But after that, Nozari sure, the price of black gold back up more than U.S. $ 150 dollars per barrel.

Now, the type of light crude oil in the market sweet New York, United States, the November contract for 2008, down 31 cents to U.S. $ 73.94 figure per barrel. While the type of Brent crude oil for December delivery traded on the future level of U.S. $ 69.54 per barrel, down U.S. $ 1.67.

World oil prices that are now uncertain pascakrisis financial world. Previous price of this commodity has reached the highest value on the level of U.S. $ 147 per barrel set in July .(***)

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