Oil prices still on the decline

| Tuesday, January 16, 2007

Oil prices continue to sink during the early part of this week, despite talk of a possible cut in production by OPEC.

At midday Tuesday, crude oil futures were trading at $51.45 a barrel in New York - down $1.50 from the opening. The Associated Press reported it has been 19 months since oil was trading so low.

 

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