Oil prices down ahead of Opec meeting

Oil prices eased below $60 (€43) a barrel today as investors awaited the latest meeting of the Opec oil-producing cartel later this week.

Oil prices down ahead of Opec meeting
Tue, 26 May, 2009 - 16:42

Oil prices eased below $60 (€43) a barrel today as investors awaited the latest meeting of the Opec oil-producing cartel later this week.

Crude for July delivery hit a six-month high of $62.26 (€44.52) a barrel on the New York Mercantile Exchange last week – compared with just $35 (€25) in March - after a steady climb on hopes for economic recovery.

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