OGJ Newsletter

Market MovementCrude prices fluctuate ahead of OPEC meetingAfter plummeting more than $7/bbl through the previous week, crude futures prices went into a seesaw mode Dec. 6-8, up one day and down the next as markets reacted to changing factors.On the New York Mercantile Exchange, benchmark US crude prices bumped up Dec. 6 amid indications that members of the Organization of Petroleum Exporting Countries might take action to curb that fall at their Dec. 10 meeting in Cairo. However, crude futures prices fell again Dec. 7 as hundreds of protestors ended their 3-day siege of three oil pumping-station platforms in Nigeria, only to rebound Dec. 8 when the US Energy Information Administration re...

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