Monday, 13 October 2008
Syracuse
VIENNA, Austria (AP) - Oil prices looked for direction Thursday as traders weighed fears that a looming world recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far. Venezuelan President Hugo Chavez said Wednesday that some members of the Organization of Petroleum Exporting Countries want an extraordinary meeting before the group's Dec. 17 meeting in Algeria. OPEC's decision last month to cut production by 520,000 barrels a day failed to halt oil's slide. "I think OPEC will definitely start to talk the market up," said Gerard Rigby, an...
 Oil prices rise to new record high levels, UK
photo: WN