申論題內容
⑶ Oil Prices Stabilize On Talk Of OPEC Cut.(30 分)
SINGAPORE (AP) -- Oil prices stabilized Tuesday after climbing nearly a dollar
on threats of violence in Nigeria and a suggestion that OPEC may need to further cut
its output.
Light sweet crude for December delivery rose 3 cents to $60.05 a barrel in
midmorning Asian electronic trading on the New York Mercantile Exchange. Prices
jumped 88 cents in Monday's trading after armed protesters shut down a Nigerian oil
pumping station.
Oil prices have retreated significantly from a summertime high above $78 a barrel,
trading in a range of around $57-$61 a barrel over the past month as traders look for
demand clues in weather and economic forecasts and weigh them against OPEC's plans
to curb supplies by 1.2 million barrels a day.
Some members of the Organization of Petroleum Exporting Countries are
concerned that prices have already fallen far enough from their July peak above US$78
a barrel.
OPEC President Edmund Daukoru, also Nigeria's oil minister, said the oil cartel
may need to further cut its output.
"The market is clearly oversupplied, clearly oversupplied," Daukoru told reporters
Monday during a visit to South Korea.
On Tuesday, he said OPEC doesn't have a specific price floor or band that it wants
to defend. Setting a target price band "is not really applicable to the fluid, free market,"
he said.