Oil Prices Falter, But Russia Knocks on OPEC's Door

Click to play

Despite OPEC cutting output, despite some Texas refineries being shut and production platforms in the Gulf of Mexico being evacuated as a precaution against the onset of Hurricane Ike, oil prices declined again — an indication it will take more than bad weather and the hawks to get a barrel of crude back above the $100 mark. But Russia is now seeking a deal with OPEC. Colin Chapman reports.

To have Stratfor's free intelligence reports emailed to you each week, click here.