OPEC's production gains even as demand stagnates spurs bets in the oil market that the 13-month...

|By:, SA News Editor

OPEC's production gains even as demand stagnates spurs bets in the oil market that the 13-month rally in crude is coming to an end. "Oil at $87 a barrel seems pretty unreasonable given the fundamentals of the market," one analyst says. "Forget China and India for a minute. The U.S. remains the biggest consumer, and U.S. demand hasn’t recovered."