Production cuts unlikely after OPEC meeting

OPEC Opts for No Shift in Output
Though the cartel would like to see oil prices at $60 to $70 a barrel, OPEC decided now was not the time to seek that increase.

OPEC to accommodate increased Libyan output
There is a "gentlemen's agreement" between OPEC members to accommodate increasing output from Libya, the North African country's oil minister said Saturday.

Stocks set to rise as oil prices hold steady
Wall Street looked set to rise Wednesday, as oil prices held steady after an OPEC official said the group saw no need for an emergency meeting to discuss raising its output.

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