Oil supply adequate, no calls for OPEC meet. 2008-06-08
Global oil supplies are adequate and there are no moves within OPEC to hold an emergency meeting to discuss record oil prices, Libya’s top oil official said on Sunday.”I think there is enough oil in the market, I did not hear anybody calling for a meeting,” Shokri Ghanem, head of Libya’s National Oil Corporation, told Reuters in a telephone interview.U.S. oil surged nearly 9 percent to a record above $139 a barrel on Friday.

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