All Eyes on OPEC for Oil Price Relief

Saudis expected to boost output as prices close in on $100

By Wesley Oliver,  Newser Staff

Posted Nov 26, 2007 4:18 AM CST

(Newser) – With oil prices poised to pass the $100 mark any day now, a pair of reports speculates that OPEC will cool the overheated market by boosting oil production, the Wall Street Journal reports. One consulting firm said OPEC, spurred by Saudi Arabia’s increased deliveries...   Read full story »

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