OPEC Promised To Pump More Again

OPEC will pump more crude, if the world price for oil gets over the level of $53.
According to a senior OPEC envoy, the cartel is concerned about the price of oil/
?We will do whatever we can to bring it down, including raising production, if we need to. Saudi Arabia will give its customers whatever they need. And if they need more oil, they will get it."

Crude for November delivery was trading at $52.42 a barrel at lunchtime in New York yes terday, up 40 cents on the day.