Oil Rises a Second Day on Signs OPEC Is Implementing Supply Cut
0 Comments Published February 4th, 2009 in EconomyCrude oil rose for a second day on signs that OPEC is implementing a record production cut announced in December. Prices are “firming up” because of output constraint by the Organization of Petroleum Exporting Countries, and further cuts may not be necessary, Libya’s top oil official, Shokri Ghanem, said in an interview. A government report […]