Opec concerned about US housing market

OPEC is concerned about impact of US housing market woes on global econ.

"There is very much concern about whether problems in the U.S. housing market become more widespread," an official said.

"This issue with the U.S. subprime market could get bigger and have a bigger macroeconomic impact."

Crude oil tumbled Tue on the back of weaker stocks, but has recovered overnight ahead of DOE data and as the OPEC gathering gets underway in Vienna.
April crude up 12c to $58.05 in electronic trade.