Oil production cut

  • Oil drums
    New York's main futures contract, light sweet crude for January delivery, rose 59 cents to $44.19 a barrel after dropping 91 cents to $43.60 at the close of trading Tuesday on the New York Mercantile Exchange.
  • OPEC headquarters in Vienna
    "I would like not less than 500,00-600,000 barrels a day" from non-members, Badri told reporters on Tuesday ahead of a meeting on Wednesday of OPEC ministers, where a reduction in crude oil output of two million barrels a day is expected.
  • Oil drums
    Light, sweet crude for January delivery was up 92 cents to $47.20 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.
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