LONDON (Reuters) – Oil fell below $95 a barrel on Tuesday as investors bet that the OPEC exporter group will boost supply for a second time this year at a meeting next week to cool near-record prices.
Influential Saudi Oil Minister Ali al-Naimi gave nothing away on Tuesday about what action the group will take on December 5, but Indonesia’s Oil Minister said he would back an increase of 500,000 barrels per day (bpd).
U.S. oil dropped $3.10 to $94.60 a barrel by 9:20 a.m. EST. London Brent crude fell by $2.77 to $92.55.
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Noelle dEstries
Noelle d'Estries, an early GO employee who took on the varied roles of Community Manager, green celebrity blogger, and more. She currently runs worstcookever.com GO entered Noelle's life in February 2007 while she was burning tires in her backyard. A phone call from the green gods at GO, burnt out the fires. Now, Noelle happily wears her GO sweatshirt while eating organic veggies and asking for paper, not plastic. A regular at the local farmer's market, Noelle shuns raking leaves and lawn maintenance, while making gourmet foods constantly. When not staring at her computer screen, she spends time with her equally attractive dog, Tessa, cat, Tim and lover Paul. She currently holds all three point records at RIT and could eat avocados and drink wine for the rest of her life.
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