OPEC urged to raise output beyond target amid oil surge
Oil prices near 42 dollars a barrel as markets weigh Saudi calls for higher output. Analysts say OPEC must add real barrels, not just lift targets, to ease rising crude costs while political turmoil in Iraq and Middle East tensions loom. A senior OPEC delegate hints at considering a larger target increase than Saudi initial proposal.
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London
OPEC
Organization of Petroleum Exporting Countries
Saudi Arabia
Amsterdam
North Sea
Brent
Iraq
Oilrich
Middle East
Izzadine Saleem
Oil prices rise on June crude settle at 41.55 on NYMEX
Oil for June delivery settled at 41.55 per barrel on the New York Mercantile Exchange as near month prices for light sweet crude moved higher on Monday. The report notes continued gains in energy markets and calls out the price level for the benchmark contract.
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OPEC
Leo Drollas
Center For Global Energy Studies
London
New York
New York Mercantile Exchange
Dow falls over 100 points on Iraq council head assassination
Wall Street sank as Iraq governing council president Izzadine Saleem was killed in Baghdad in a car bombing. The Dow dropped 105.96 points to 9906.91 and other indices fell amid global volatility. Oil rose and the dollar slid as markets reacted to Middle East violence and political events in India and Japan.
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New York
Wall Street
Iraq
Middle East
India
Japan
Bush
Izzadine Saleem
Baghdad
Brian Pears
Victory Capital Management
Standard & Poor
Europe
Britain
France
Germany
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