Getting your player ready...
NEW YORK — OPEC said Thursday it will hold an extraordinary meeting Nov. 18 to discuss how the widening global financial crisis is affecting oil prices, a move that could lead to a coordinated production cut in a bid to halt crude’s steep losses.
In a statement published on its website, the Organization of the Petroleum Exporting Countries said it’s concerned about how the crisis is hampering global economies and world oil markets. The meeting will be held in Vienna.
Oil prices have fallen about 40 percent since soaring to a record $147.27 on July 11.
