Bullish edge fades as crude digests OPEC cut

摘要

November crude futures on the New York Mercantile Exchange settled 5 cts higher at US28.9/bbl Thursday as the market shed the emotional edge so evident in Wednesday's trading session following the OPEC meeting.OPEC cut output quotas by 900,000 b/d to 24.5-mil b/d effective Nov 1,cathing the markets off guard and sending energy prices soaring over US1/bbl.