USD 64.2237

0

EUR 70.7296

0

BRENT 60.66

0

AI-92 42.11

0

AI-95 45.89

-0.02

AI-98 51.84

+0.01

Diesel 45.91

+0.02

7

OPEC Set Next Meeting In 2 months To Consider Output

OPEC already set a new meeting for February 1 to consider raising crude oil output if prices skyrocket

OPEC already set a new meeting for February 1 to consider raising crude oil output if prices skyrocket.

Benchmark crude prices rose after OPEC had decided not to increase output capacity this time.

After spiking by about $2 on news that present levels would be maintained, light sweet crude for January delivery reversed course and closed down 83 cents at $87.49 on the New York Mercantile Exchange.

Price levels were more than 10 per cent off the record of almost $100 a barrel set last month, suggesting the choice by the Organization of Petroleum Exporting Countries would not roil markets - at least in the short term.