| From Laht.com: According to the Venezuelan government, OPEC's goal is to get the price of oil up to at least $50 dollars a barrel by the end of May, when the organ will hold a new meeting to evaluate the market's behavior. The Organization of Petroleum Exporting Countries (OPEC) decided on Sunday to maintain unchanged current oil output.
“The goal isn’t just to stop the tumble in oil prices but to recuperate them,” Venezuelan President Hugo Chavez said Sunday in his weekly television address. “We’ve halted the tumble in prices. They were on their way below $30.”.... Full Article: Source
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