LONDON (AFX) – Crude prices have been firmer after OPEC announced last week it would cut its actual worldwide production but raise official quotas, dealers said. OPEC has agreed to cut worldwide oil production and raise official quotas for the 11-nation cartel by 1.3 million barrels per day to 23 million b/d, OPEC President Rilwanu…
MARKETS: Oil firm on OPEC output cut announcement, Venezuela crisis
Posted on December 16, 2002 by EnergyAsia