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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mike M2 who wrote (88536)	4/2/2001 9:58:39 AM
From: Box-By-The-Riviera™	Read Replies (1) of 436258

Monday April 2 9:33 AM ET U.S. Court Slaps Price Fixing Injunction on OPEC NEW YORK (Reuters) - A U.S. federal court has granted a one-year injunction barring oil producer group OPEC (news - web sites) from fixing prices, court documents showed. Prewitt Enterprises won a civil anti-trust case in an Alabama court, accusing the Organization of the Petroleum Exporting Countries of conspiring to fix oil prices through oil supply agreements. OPEC is for the next year ``restrained from entering any agreements among themselves or with third parties to raise, lower, or otherwise determine volumes of production and export of crude oil,'' Senior U.S. District Judge Charles Weiner ruled March 21. OPEC made successive cuts in production through 1998 and 1999 that pushed crude oil prices to their high level since the Gulf War (news - web sites) and lifted gasoline pump prices to record highs.

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