MARKET STILL UNCERTAIN ABOUT OPEC PRICE STABILIZATION PLAN

Although some underlying firming up of spot crude prices has been in evidence over the past week, it is clear that the market is still nervous and uncertain about the effectiveness of the 1.5mn b/d cut in the OPEC ceiling to 16mn b/d in setting the price structure to rights.

On the OPEC side, there has been general satisfaction so far - apart from some quizzical glances in the direction of Abu Dhabi - at the way the quota cuts...