10-10-2008, 01:09 AM
<b>Crude Oil Falls More Than $2 as Demand Concern Outweighs OPEC </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>OPEC is ``very likely'' to cut oil production at the Nov. 18 meeting in Vienna because prices have fallen ``dramatically,'' the group's president, Chakib Khelil, said today</b>.
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<b>``Some OPEC members would like to cut production, but I think it would be suicide,'' said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. ``I don't think they will make a cut unless things improve dramatically on the economic front.'' </b>
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>OPEC is ``very likely'' to cut oil production at the Nov. 18 meeting in Vienna because prices have fallen ``dramatically,'' the group's president, Chakib Khelil, said today</b>.
....
<b>``Some OPEC members would like to cut production, but I think it would be suicide,'' said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. ``I don't think they will make a cut unless things improve dramatically on the economic front.'' </b>
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