Tuesday, September 11, 2007

Qatar: OPECers Decide on 500,000 bpd Lift

Token, considering that OPEC output exceeded its quota by over 15 million barrels last month. 500,000 bps merely mops up the cheating within the cartel. For now, NYMEX Light Sweet Crude (CLV7) is off the highs ($78.32 today), but still trading higher

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