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Oil dips below $63 as faltering demand trumps OPEC (Reuters)

Traders work in the crude oil futures pit on the floor of the New York Merchantile Exchange, October 27, 2008. (Brendan McDermid/Reuters)Reuters - Oil prices dipped below $63 a barrel on Tuesday as concerns about faltering demand offset OPEC comments suggesting the producer group could throttle back output again to support prices.


This entry was posted on Tuesday, October 28th, 2008 at 8:04 pm and is filed under Market News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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