Crude Oil prices have fallen sharply, dropping below $65 a barrel today despite OPEC's decision to cut production quotas.
Weakening global demand for crude amid the world's financial woes has softened the impact of OPEC's announcement that it's cutting production by 1.5 million barrels a day, starting next month.
Light, sweet crude for December delivery fell $3.44 to $64.40 a barrel in electronic trading in Europe.
Friday, October 24, 2008
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