Atlas Commodities L.L.C.


	Atlas Commodities LLC
	74 Franklin Suite #1, New York, New York 10013

	Telephone:
	212-227-0002

	Email:
	info@atlascommodities.com


	Iranian Oil Minister Says No Need for OPEC to Raise Oil Output

	By Ayesha Daya Jan. 17 (Bloomberg) -- The Organization of Petroleum Exporting Countries shouldn't respond to a request by the U.S. President to raise output at its next meeting as oil markets remain adequately supplied, the Iranian oil minister said. OPEC's second largest oil producer sees no need for the exporting group to pump more, especially after the recent crude price decline, Gholamhossein Nozari was quoted as saying today by the Iranian oil ministry's official news service, Shana. President George W. Bush urged OPEC to consider pumping more oil in an effort to lower near-record crude prices. Bush, who met Saudi Arabia's King Abdullah Jan. 15 as part of his Middle East tour, is ``hopeful'' OPEC will heed his call, White House spokeswoman Dana Perino said yesterday. Crude oil for February delivery rose as much as 49 cents, or 0.5 percent, to $91.33 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $90.93 at 5:45 a.m. in London. The contract fell 1.2 percent to $90.84 yesterday, the lowest close since Dec. 18. Futures traded as low as $89.26 after an Energy Department report showed U.S. oil and fuel inventories rose more than expected as refiners cut operating rates and reduced deliveries.


	Iranian Oil Minister Says No Need for OPEC to Raise Oil Output
	The Organization of Petroleum Exporting Countries shouldn't respond to a request by the U.S. President to raise output at its next meeting as oil markets remain adequately supplied, the Iranian oil minister said. . . MORE

	Deutsche Bank to Expand Commodities Staff Up to 25% (Update4)
	Deutsche Bank AG, Germany's largest bank, plans to increase its commodities staff by 15 percent to 25 percent this year as record prices for oil, gold and soybeans increase the potential for profits . . . MORE

	Oil Falls to 1-Month Low on Signs U.S. May Slip Into Recession
	Crude oil fell to the lowest in more than a month on concern the U.S. economy may slip into recession, cutting fuel demand in the world's biggest energy consumer. . . MORE