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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (10579)	12/5/2001 8:02:14 AM
From: LTK007	Read Replies (1) of 99280

<<RUSSIAN MOVE BOOSTS OIL News that Russia had agreed to cut oil exports by 150,000 barrels a day increased the prospects of a deal between OPEC and producer countries which are not members of the cartel on output curbs. "Russia's offer is the bare minumum that OPEC will accept. It is a realistic cut that OPEC is not likely to shun, especially if it means higher prices," said Lawrence Eagles of GNI Research. "Prices are already rallying to it and the rally is likely to go further," he added. By 1140 GMT, Brent crude for January delivery had broken through resistance close to $20 a barrel to stand 86 cents higher at $20.15.>> from reuters--max

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