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Posted: Nov 30 2007, 09:59 AM
Member No.: 378
Joined: 20-October 06
Traders eye OPEC meeting, signs of slowing U.S. economy
NEW YORK - Oil prices fell Friday on expectations that OPEC will increase output next week and on fading concerns of a supply disruption from a U.S. pipeline fire.
Light, sweet crude for January delivery fell $1.55 to $89.46 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. On Thursday, the crude contract gained 39 cents to settle at $91.01 a barrel in choppy trade.
Whole story at MSNBC.com