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9/19/11

OPEC: Until the end of the year, oil will remain at present levels?

DUBAI. Until late 2011, oil prices are expected to continue movingin that price range today. "The price of oil at the end of this year will be the same as today," said OPEC Secretary General Abdallael-Badri, said in an interview with Bloomberg television, in Dubai, today.


Organization of Petroleum Exporting Countries (OPEC) scheduledto convene a meeting of oil ministers in Vienna on December 14.Meeting to discuss supply arrangements and pricing policy of oil in OPEC.

Meanwhile, Brent oil for November delivery traded at U.S. $ 111.61a barrel at 10:31 am in London. Meanwhile, WTI oil for November delivery contract on the Nymex-traded U.S. in the position of U.S. $ 86.86 per barrel until around 16:44 pm.

sources; kontan.co.id
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