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Crude Oil Rises Despite OPEC

Date:	03-Jun-2004	Entity:		Country:	United States

Area:	Economy	Leader:		State:	New York

Class:	Economy	Resource:	Petroleum	City:	New York City


Conflict:	U.S. War on Terror	Strategy:		Trend:

Campaign:		Tactic:		Prediction:

Battle:		Metric:		Product:

	NYMEX July Crude Oil traded at an early high of $40.50 a barrel, up .54, after retreating 5.6%to $39.96 as many hoped OPEC would raise production quotas by 2.5 million barrels per day.

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