31.03.2010 - OPEC undecided on action if oil breaks from $70-80
From Reuters: OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively above the $70-80 a barrel range they have praised this month, highlighting a looming challenge for the cartel. Although prices have held calmly within this band for much of 2010, U.S. crude, currently around $82 a barrel, is near the top of its recent range, and some analysts said it could push even higher as demand from the United States and other industrialized nations rebounds as their economies recover...................................Full Article: Source
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