<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a28d8384-3f5a-43ec-b71b-923a22bf82d0/0ABF1500-3AF0-41D9-9495-B49C36F484AD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html" href="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html">The Opec oil cartel’s resolve to cut production to boost prices is fraying, says the <A class=bodystrong href="http://www.iea.org/index.asp">International Energy Agency</A>, the developed countries’ watchdog. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html"><P aria-level="0" aria-posinset="0" aria-setsize="0">The cartel, which produces more than a third of the world’s oil, last month <A aria-level="0" aria-posinset="0" aria-setsize="0" href="http://www.ft.com/cms/s/0/f9925cce-3fb5-11de-9ced-00144feabdc0,dwp_uuid=f2b40164-cfea-11dc-9309-0000779fd2ac.html" target="_blank">raised its output</A> by 270,000 barrels a day, ending a seven-month run of ever steeper cutbacks, the IEA said. The move is important because the rise in production together with weak global oil demand could increase inventories and depress prices. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html">Analysts say the cartel’s resolve may be fraying in part because of its success in boosting oil prices back to about <A class=bodystrong title="FT.com / Companies / Financials - Oil at $60 for first time in six months" href="http://www.ft.com/cms/s/0/e00dc224-3f57-11de-ae4f-00144feabdc0.html">$60 a barrel</A>, up from the $32-low they hit in February. As prices rose, so did the temptation to cheat, </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html">Saudi Arabia has cut more than its pledged amount, while Iran and Angola pump well in excess of their quota. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/c88244d2-4069-11de-8f18-00144feabdc0.html">Opec has said it wants to boost prices to $75, but has since suggested it would accept prices of $50-60 a barrel temporarily while the world economy tried to recover.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0ABF1500-3AF0-41D9-9495-B49C36F484AD/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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