Oil Declines First Time in Three Days

- March 8th, 2011

Bloomberg reports Oil prices fell for the first time in three days, retreating from a 29-month high.

Bloomberg reports Oil prices fell for the first time in three days, retreating from a 29-month high.

The market news is quoted as saying:

Crude slipped as Kuwait’s oil minister said OPEC members are considering whether to convene an “urgent meeting” to determine whether more output is needed. Futures trimmed earlier losses after Goldman Sachs Group Inc. and Bank of America Merrill Lynch raised their oil-price forecasts.

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