Oil prices up as OPEC production cuts predicted

Oil prices jumped today as dealers anticipated far-reaching cuts in production from OPEC members tomorrow.

Oil prices up as OPEC production cuts predicted
Thu, 27 Dec, 2001 - 13:43

Oil prices jumped today as dealers anticipated far-reaching cuts in production from OPEC members tomorrow.

Shares in both BP and Shell edged ahead as the price of Brent crude touched 20.63 US dollars per barrel, an increase of 7%.

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