Oil Price Falls Slightly as OPEC Ministers Meet

Published June 21st, 2000 - 02:00 GMT

Crude oil prices slipped slightly early on Wednesday as ministers from leading oil-producing nations met in Vienna, amid expectations of a modest increase in output. 

In London, the price of benchmark Brent crude for August delivery fell by two cents in early trading to 29.00 dollars a barrel. Brent had risen to 29.10 dollars at the start of trading. 

In New York, light sweet crude for July delivery had closed at 33.05 dollars a barrel. 

Market-watchers expected Organization of Petroleum Exporting Countries (OPEC) nations to agree to increase output by 500,000 barrels per day at the Vienna talks - LONDON (AFP) 

© 2000 Al Bawaba (www.albawaba.com)

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