Thursday, September 10, 2009

Morning Yuk

 From Bloomberg
OPEC Agrees to Maintain Production Quotas as Oil Trades Above $71 a Barrel

"Supplies rose by 80,000 barrels a day in August, to 26.25 million barrels a day, signifying compliance of about 66 percent, from 68 percent in July, the IEA said today.
Compliance with existing production quotas is improving and prices may rise further by the end of the year, Algeria’s Khelil said."

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