Independent journal on economy and transport policy
08:35 GMT+2
Oil steady as Opec lifts output
(BBC News)
October 30, 2000
Oil markets reacted calmly on Monday to news that the Organisation of Petroleum Exporting Countries (Opec) would lift output by 500,000 barrels a day in a fresh attempt to cool prices.
The move was in line with an informal agreement among the cartel's members to raise production if the price of a basket of seven crude oils stayed above $28 a barrel for ...... Read more on BBC News
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