Crude Prices Driven By Expectations And Outcome Of OPEC Meeting
Crude markets were driven last week first by traders expectations and then by the outcome of the extraordinary OPEC ministerial meeting in Vienna on 4 December. Early in the week prices fell as media reports predicted a rollover of current production quotas. The fall brought the OPEC Basket price within the organizations $22-28/B target band for one day. However, as the meeting drew near...