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OPEC Talks Break Down, No Agreement on Oil Quota
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OPEC Talks Break Down, No Agreement on Oil Quota
Oil prices climbed above $100 per barrel Wednesday after members of the Organization of Petroleum Exporting Countries (OPEC) failed to reach agreement on production quotas. Analysts had expected OPEC nations to boost production in a bid to lower oil prices and ease pressure on the global economy. But as Mil Arcega reports, OPEC countries say speculation, not tight supplies are to blame for rising oil prices.
Video Length: 0
Date Found: June 09, 2011
Date Produced: June 08, 2011
View Count: 0
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