Thursday, November 27, 2014

Oil: Venezuela opens in new OPEC meeting, mini bounce … – Italian Stock Exchange

The crude (-6.3% today) is still the lowest since 2010 (Il Sole 24 Ore Thomson Financial) – Milan, Nov. 27 – Black day for the oil and ‘collapsed to the lowest level in four years after the decision by OPEC meeting in Vienna, to leave unchanged the maximum daily production, remained at 30 million barrels per day. On the Nymex (New York Mercantile Exchange), the WTI opened at $ 73.56 a barrel, but during the session and ‘literally collapsed, reaching a minimum of $ 67.75. Then, a slight rise in the evening reported at $ 69 (-6.3% throughout the session), however, to its lowest since May 2010. Strong decline also Brent, crashed to 72 dollars a barrel. The partial recovery of the black gold in the last hours and ‘tied to statements by Rafael Ramirez, Minister of Foreign Affairs of Venezuela (country belonging OPEC), who stressed that the cartel of oil producers and’ agree to keep another extraordinary meeting if you make ‘need.

That

(RADIOCOR) 14/11/27 21:01:34 (0744) ENE, NEWS 5 NNNN


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