Summary
OIL prices continued to ease yesterday after Opec agreed to increase output at a meeting in Beirut, Lebanon the previous day - although analysts warned that any further "shocks" could send the prices soaring again.
The high price, which had crested over the psychologically important $40-a-barrel threshold after last weekend's terrorist attack in the heart of Saudi Arabia's oil province, yesterday slumped 53 cents on the New York Mercantile Exchange to $38.75.See the full content of this document
Extract
Oil Prices Ease As Opec Ups Production
North Sea Brent crude, which had rocketed to a 13-year high of $38.28 a barrel, settled back 45 cents yesterday to $35.95, after ...
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