Observatoire des droits humains (anglais seulement)

Oil Price Seen Falling to $60 if OPEC Output Not Cut

(Version anglaise seulement)

Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. Brent crude futures have fallen 34 percent since June to touch a four-year low of $76.76 a barrel on Nov. 14, and could tumble further if OPEC does not agree to cut at least 1 million barrels per day (bpd), commodity fund managers say. “The market would question the credibility of OPEC and its influence on global oil markets if there was no...

Lire l'article complet