18.10.2010 - OPEC caught in dollar crossfire
From AFP: OPEC nations seeking higher oil prices to boost revenues may get their wish as the sliding dollar sees investment switch from the US currency and into crude and other commodities, according to analysts. Yet higher commodity prices, which help to push up inflation, are also seen as a threat to the economic recovery. The Organization of Petroleum Exporting Countries, which pumps 40 percent of world oil, chose last week to keep its official production target unchanged at a ministerial meeting in Vienna, home to the cartel's headquarters..............................................Full Article: Source
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