| | Opec has ‘not set an oil price floor’ - Middle East Business news related to travel, food, hotel, real estate, ... (Site not responding. Last check: 2007-10-20) |
 | | Opec has not formally set a firm oil price floor that it intends to defend, the group's president said, despite comments from Venezuela that the producer group wanted to keep prices above $60 a barrel. |
 | | Opec has not officially set a new price band or target since abandoning its $22-$28 range three years ago, although price hawks Iran and Venezuela last week both indicated that the group would no longer tolerate prices below $60 a barrel. |
 | | Some analysts took that as an indication that it was seeking to defend prices at $55-$60 a barrel. |
| www.tradearabia.com /tanews/newsdetails_snOGN_article113991_cnt.html (375 words) |