Excerpt from: Futures and Commodity News
|
 |
| December 03, 2007 | | Oil futures remain below $90 a barrel | On the commodities market, oil prices are still down after their dramatic drop last week. The reduced price of oil in futures trading may lead OPEC to reconsider plans to increase production this month. Reuters reports on oil prices on the commodities market:
"This weakening has occurred as the (market) shifts toward a cyclical
softening in oil fundamentals," Goldman Sachs said, citing increasing
OPEC supply, weaker refinery demand due to lower margins and growing
U.S. and Chinese economic risks. | | |
|
|
