Organization of Petroleum Exporting Countries (OPEC) agreed to restrain their oil production quotas. This was revealed in a meeting of countries producing oil.

“This is done since the oversupply of the market remains a risk related to the economic recovery is very fragile. Therefore, the conference agreed that current production levels unchanged,” the statement OPEC’s closure in the forum, as quoted by AFP on Thursday (10 / 9 / 2009).

In addition, although there are signs that the economic recovery under way, there are still serious concerns about the big step and this recovery. Especially in the countries of the OECD’s main industries.

Cruel economic slowdown has weakened demand for energy worldwide. This dragged oil prices from record highs above USD147 in 2008 to $ 32 in July, 40 in December. But now has recovered and is in the range of $ 70.

Ministers from OPEC countries, which is highly dependent on oil exports, trying to lead you to be careful. Although this does not warn of oil prices in the market aggressively trying to do.