Members said to be
concerned about the downturn in oil. Oil settled at $69.85 per barrel
Thursday, the first sub $70 close since Aug 23 2007 (when front
contract settled at $69.83). "It appears increasingly likely that OPEC
will cut production at the gathering, in order to attempt to bring some
stabilisation to prices, with the market looking to OPEC to cut by
1.5mb/d, perhaps 1mb/d this month and 0.5mb/d later," say
strategists at Barclays Capital.