Brent oil price firm over $91 ahead of OPEC meeting

Brent oil prices open Friday’s trading session firm over $91 per barrel ahead of the next planned OPEC meeting, due to take place tomorrow in Quito, Ecuador. Latest Brent Oil Price In London, Brent crude oil futures for January 2011 delivery was trading at $91.49 a barrel, 07.45 GMT this morning on the ICE Futures Exchange. A faster than expected recovery in global oil demand, fueled by the cold winter in Europe and inflows of speculative capital is pushing the price of a barrel of Brent oil back towards the $100 mark. The question is if the oil prices rise well above $90 will OPEC say something about it. Saudi Arabia recently said oil prices at $90 are comfortable but not above $90. However, OPEC appears unlikely to raise oil supply targets to cap an oil price rally when it meets in the Ecuadorean capital Quito, but could hint at the possibility of higher production later. Brent oil price closes over $91 mark, $100 oil for 2011? Brent oil trading near $91 amid firm ICE Dollar Index Brent oil price ends week near $86 amid Euro concerns Brent oil price surges over $85 on holiday market rally Brent oil trading over $85 as EU, IMF agree Irish bailout Brent oil price trades near $76, Dollar Index spins lower Brent oil price trading at $76 on good news from China Brent oil trading higher, Gulf spill not affecting price, yet.. Brent oil price trading near $72 amid double dip concerns Brent oil price dips to $90 as US dollar strengthens Crude oil prices hit 2 year highs, traders eyeing $100 oil Brent oil trading near $86 as ICE Dollar Index peaks Brent oil price hits $87 mark amid stronger US dollar Dollar Index strength may tumble oil prices in 2011 Brent crude oil trading at $85 on firmer ICE Dollar Index Brent oil trading firm over $83, Euro debt concerns persist Brent oil price hovers at $83 on stronger US dollar Brent oil price trading firm over $85 on weaker US dollar Brent oil price firm over $84 as ICE Dollar Index falls Brent oil price down near $84 on Euro debt worries

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Brent oil price firm over $91 ahead of OPEC meeting