Crude oil futures fall near $97/barrel after OPEC officially announces that its members will...

|By:, SA News Editor

Crude oil futures fall near $97/barrel after OPEC officially announces that its members will maintain current production of 30M bpd, including output from Libya. The cartel noted that although world oil demand is forecast to increase slightly in 2012, the rise is expected to be partially offset by a projected increase in non-OPEC supply. Nymex crude -2.9% to $97.26. (earlier)