P523ORACLE 523 Mon 3 Feb C4 1713:10
OIL WORRIES SEND
POUND INTO SLIDE
The pound was marked down more than two
cents today as an OPEC oil committee
met in Vienna to discuss a possible
increase in the cartel's output.
US oil prices fell more than a dollar a
barrel in early trade amid talk of OPEC
output going from the current 16m bpd
ceiling to up to 20m bpd.
The Vienna talks are likely to last at
least until tomorrow and one official
said that whatever figure emerged might
not immediately be made public.
Hopes of a pact with non-OPEC countries
look forlorn. £ latest ─ p508
** HOLIDAYS GALORE!! * 580