<div><a href="http://www.middle-east-online.com/english/?id=25487">http://www.middle-east-online.com/english/?id=25487</a></div>
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<div>Iraqi oil minister Hussain Al-Shahristani argued that an increase in OPEC production would not bring the relief the market was calling for since prices were being driven primarily by speculative investment in commodities. </div>
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<div>"There isn't much OPEC can do," the minister told reporters.</div>
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<div>An increase in output "is not going to solve the situation. The solution is in the hands of the speculators. They're the ones who are fixing the price and not the producers," Al-Shahristani added. </div>
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<p>In recent weeks and months, oil prices have also been boosted by the weak dollar.
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<p>The sliding value of the US currency makes dollar-priced goods cheaper for foreign buyers and therefore tends to encourage oil demand, traders said.<font face="Times New Roman"> </font></p>
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<p><font face="Times New Roman">Vision2020 Post: Ted Moffett</font></p></p></p></p></div></p>