Opec to boost crude supplies,but prices hit new record high

摘要

At its much-heralded meeting on 10-11 September,Opec unexpectedly agreed to increase production by 500,000 b/d from 1 November.Apparently unimpressed by Opec's decision,spot prices for WTI immediately rose to a new record of 79.6/b,having briefly moved above 80/b-the highest dollar value ever recorded,but still below 1979's inflation adjusted 90/b short-lived peak.