"There is enough oil in the market...there is no shortage."
Iran's acting oil minister Gholamhossein Nozari Monday told reporters in Vienna a day ahead of OPEC's ministerial meeting to review crude production levels. The Iranian official declined to predict the possible outcome of the meeting, however, saying only that OPEC would review "all factors."

"US employment has been growing for the past four years so the fall was pretty scary. At the same time what is supporting the stocks is expectation for a cut to the Fed funds rate on September 18. Investors are waiting for developments in the US. That's why there wasn't a shock selloff."
Hirokazu Fujiki said, equity strategist at Okasan Securities. Asian stocks fell sharply Monday, dragged down by heavy losses on Wall Street after a surprise drop in US payrolls sparked fears that the US economy may be heading for recession, dealers said. Investors are now hoping for a Federal Reserve interest rate cut to shield the economy from the fallout of the housing slump in the US.

Updated: September 10, 2007