[KevO]

$this->bbcode_second_pass_quote('', 'P')ARIS: The International Energy Agency (IEA) will convene a meeting here on Monday of oil industry experts on the current surge in crude prices, which have leapt from record to record in the last 10 days, an IEA spokesman said yesterday.
“There will be a meeting on prices with experts, both from the financial and (oil) trading sectors, as well as with representatives of the production and refining sectors,” an IEA spokeswoman said.
The Financial Times newspaper earlier reported that representatives from oil majors ExxonMobil, Total, Repsol, Shell, and ConocoPhillips as well as officials from the European Central Bank, the International Monetary Fund, the World Bank, and the New York and London oil markets would attend the session.
The IEA seeks to co-ordinate energy policy among the world’s leading industrialised nations.
Yesterday, oil hit a record high near $110 a barrel as renewed weakness in the US dollar outweighed large increases in US crude inventories.

[mos6507]

Don't expect the word "peak oil" to come up.

time high of $106.39.
"There has been a huge detachment between price and fundamentals in the energy markets," said Rob Kurzatkowski, futures analyst at optionsXpress. "It has been more of a dollar play of late."