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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (7898)	3/15/2002 9:08:26 AM
From: Tomas	Respond to of 206209

OPEC wants oil prices to rise another 23 percent before boosting output, officials said. The group's president, Rilwanu Lukman of Nigeria, said prices had to top $28 a barrel before members would reverse output cuts that lifted its oil index by 21 percent this year to $22.79. OPEC today agreed to maintain its restraint through June to offset slowing demand during spring in the U.S. and Europe. ``We have a range between $22 and $28'' for oil prices, Lukman told reporters. ``So why should we raise (output) if it's not above $28?'' Source: Bloomberg Energy, March 15, 08:09 OPEC Says Oil Needs to Rise Further to Boost Output (Update3)