OPEC's Rodriguez warns of possible further cuts in oil output

BANGALORE, India (AFX) - OPEC could cut oil output again after the recent 4 pct reduction, warned the cartel's secretary general Ali Rodriguez at a news conference.	    "If necessary we will cut again. We have to wait because of the current uncertainty in the markets and a slowdown in the U.S. economy," he said.	    Rodriguez said two oil markets exist nowadays, one physical and the other futures.	    "Speculation is very high in the futures market. At today's rate of 25 usd a barrel there is a high margin of speculation. The real price is not that much," he said.	    Rodriguez said OPEC was working on a new benchmark to maintain "a price which is close to the physical market."	    Rodriguez said OPEC will meet in June to consider the cuts. 

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