Decision of OPEC to increase oil production causes world prices to fall, experts believe it is temporary

/IRBIS, March 30, 00/ - PRIME-TASS informs that the decision of OPEC to increase oil production caused world oil prices to fall. Brent blend fell more than $1 at London International Petroleum Exchange, at $24,4 per barrel. It fell $0.64 at New York Exchange, at $26.45 per barrel. Some dealers and analysts believe strategic step of OPEC will help to keep the price at $20-25 per barrel for a few months. Oil market expert Lourence Eagles says the decision made by OPEC is not enough to restore the price at levels of last summer, that is at $18 per barrel and producers do not want that themselves. Others believe an agreement made by OPEC is to "freeze" oil prices for a while, and then they will go up again, which is in the interests of the producers to maximize their profits.