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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (22442)1/29/2005 11:15:22 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
OPEC: No Change in Oil Output Limits

VIENNA (Reuters) - OPEC oil producers on Saturday recommended no change in cartel output quotas but said they were ready to intervene should prices look like tumbling after the northern winter.

money.excite.com

Good news, to oil consumers that don't read beyond the lead paragraph.

Buried in the story:

>>The concerns that dominated OPEC meetings during most of last year about the detrimental impact on world economic growth of prices at $50 a barrel have evaporated.<<