Yamani proves conciliator, but is confident on prices

OPEC's twin-base price system after the Algiers conference still leaves the organization in an untidy mess, but less so than before. The Saudis believe that market pressures are working through to prices (at last) so with unexpected conciliation they braced themselves to accept a $4 per barrel rise, albeit postponed. They may yet get their unified price by the year-end.