NO. 21


Market Still Scrutinizing OPEC Cutbacks

After a see-saw week in terms of crude price fluctuations - down over adollar on Monday and Tuesday in reaction to the outcome of the OPEC meeting,followed by a partial recovery on Wednesday and generally marking time onThursday and Friday - the market has been nervously watching for concreteevidence, or the lack of it, that OPEC members are actually putting into effectthe output cutbacks to which they committed themselves...