Travel Operators Gain From Fall in Price of Oil ; Market Round-Up

Evening Standard - London › September 09, 2008

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Summary

THE price of oil slumped to below $105 a barrel for the first time in five months today after the Opec cartel signalled there would be no need to make cuts in production in order to underpin the price.

Opec insisted the oil price would continue to lose ground in the short term even if current levels of production were pulled back.

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Extract

Travel Operators Gain From Fall in Price of Oil ; Market Round-Up

That breathed fresh life into the usual suspects, whose cost base is closely linked to the price of crude. British Airways put on 10 1/ 4p at 263 1/4p, easyJet added 16p to 364 3/4p...

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