Breaking News Alert
The New York Times
Friday, October 24, 2008 -- 5:54 AM ET
-----
OPEC to Cut Output by 1.5 Million Barrels a Day
The OPEC cartel ordered a cut in oil production of at least
1.5 million barrels a day on Friday. The reduction will come
into effect on Nov. 1, according to Ali Al-Naimi, the Saudi
oil minister.
Oil prices have more than halved since peaking at $147 a
barrel in July. After the OPEC statement, the price for Brent
crude immediately dropped below $63 a barrel.
Read More:
http://www.nytimes.com/?emc=na
-----
Now get the New York Times Breaking News to your mobile phone. Sign up
for the alerts by texting NEWSALERTS to 698698 (NYTNYT).
-----
About This E-Mail
You received this message because you are signed up to receive Breaking News
Alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2008 The New York Times Company
