Daily Business News
Monday, October 09, 2006
  OPEC ministers back first supply cut in two years (Reuters)

OPEC is expected to make formal on Monday a deal to remove 1 million barrels a day of crude from oversupplied markets an OPEC source said as ministers lined up to support the cut. File photo shows OPEC President and Nigeria's Minister for Petroleum Resources Edmund Daukoru speaking at a news conference in Algiers September 19 2006. (Louafi Larbi - ALGERIA/Reuters)Reuters - OPEC is expected to make formal on Monday a deal to remove 1 million barrels a day of crude from oversupplied markets an OPEC source said as ministers lined up to support the cut.


  2:07 AM
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