OPEC oil price falls below $US90 for first time in two years

By Dow Jones newswires

The average price of OPEC's basket of crudes has fallen below $US90 a barrel for the first time in more than two years amid abundant supplies.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

The organisation said Wednesday that the average price of its members' crudes basket stood at $US89. 37 a barrel, compared with $90. 40 the previous day.

OPEC's basket price has now fallen lower than Brent — the international benchmark — which still trades above $US90 a barrel.

Read more here: Business Spectator


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