TIM EVANS, IFR Pegasus, New York (12:50 am EDT): July crude up $1.01 to

$25.65 as traders betting on Norwegian oil workers to

strike Monday, which would take big bite out of

production... they betting OPEC will have act together

before the June 26 meeting... Venezuela's Ali Rodriguez

was optimistic of cartel cutbacks in talk this morning...

expect other leaders to make statements in next week or so

before meeting... see Iraq shipments erratic.