ENERGY

OPEC Accord Likely to Push Prices Up: The oil cartel’s decision to boost production by a modest 481,000 barrels a day will likely push prices up to the $21-a-barrel target or beyond, according to the Middle East Economic Survey. But the respected oil industry newsletter said the accord, which sets July-September production at an estimated 23.46 million barrels a day, has “a credibility problem.” Survey Editor Ian Seymour wrote that the new ceiling, hammered out by OPEC in Vienna, is below forecasts for oil demand, which run as high as 23.7 million barrels a day. Estimates for the fourth quarter run as high as 25.9 million barrels a day.