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.

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