TIM EVANS, IFR Pegasus, New York (12:50 am EDT): July crude up $1.01 to
$25.65 as traders betting on Norwegian oil workers to
strike Monday, which would take big bite out of
production... they betting OPEC will have act together
before the June 26 meeting... Venezuela's Ali Rodriguez
was optimistic of cartel cutbacks in talk this morning...
expect other leaders to make statements in next week or so
before meeting... see Iraq shipments erratic.