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OPEC May Boost Oil Output to Ease Prices

Cartel may meet early and backpedal on current policy

By Harry Kimball, Newser Staff

Posted May 9, 2008 7:39 PM CDT

(Newser) – As crude hit $125 a barrel today, one OPEC member said the cartel may boost oil production to relieve prices, the New York Times reports. The move would conflict with OPEC's public stand that speculators, not oil supplies, have been keeping prices high. “We... Read full story »

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OPEC May Boost Oil Output to Ease Prices

Cartel may meet early and backpedal on current policy

Saudi Arabia • OPEC • Libya • investment • gas prices • oil price • oil production • speculation • supply and demand

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