EDITORIAL MARKET SHOWS CRUDE PRICE STILL CAN RISE
The Organization of Petroleum Exporting Countries doesn't look so mistaken after all. For its late-March decision not to cut production quotas, the exporters' group received scoldings from many sources. "Failure" to trim production, the critics warned, would push crude prices to the basement. Yet in the intervening month and a half, crude prices have risen by roughly $3[bbl.