OPEC decided to keep its oil production targets unchanged, at a meeting in Vienna. The U.S. had requested an increase in production to ease the strain of higher energy costs, but Saudi Arabia Oil Minister Ali al-Naimi l said it was an “easy” call to keep levels unchanged. Oil demand is forecast to fall slightly as winter ends in the North and the U.S. economy slows. (Bloomberg)
The Bottom Line
February 1, 2008
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