Oil futures fall on speculation over OPEC action By Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Oil futures fell Thursday, holding ground below the $90-per-barrel level as traders weighed speculation about an emergency meeting of key oil producers against ongoing concerns over a slowdown in global oil demand. "As long as the fears of a wholesale global economic meltdown are the headlines for the market, energy prices should continue pulling back," said Neal Ryan, a managing partner at Ryan Oil & Gas Partners. "Should these headlines persist, I think we'll have OPEC [Organization of the Petroleum Exporting Countries] stepping up to the mike to announce major supply cutbacks in the coming month or two as they don't want a repeat of the early [19]80s price crash," he said in emailed comments....
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