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To: elmatador who wrote (106644)8/6/2008 11:38:14 AM
From: mutulu  Respond to of 206191
 
"The market is focused on falling demand with OPEC seen producing more oil,"

I believe that's a short-term phenomenon. It was only a couple of weeks ago that OPEC was under pressure to increase production to bring prices down. Now that demand seems to be retrenching, OPEC will soon stop trying to increase production, imo.