Iran, Venezuela Push for Higher Oil Prices

Just when American motorists were starting to get a little relief at the pump, OPEC -- the cartel of oil-producing nations -- decided to cut back production, a move that could stop oil's recent fall. In the past two months, the price of oil has fallen nearly 30 percent from its July 3 high of $145 a barrel. As this week started, it looked as if oil could fall below the psychological barrier of $100 for the first time since beginning of March. OPEC oil ministers agreed early this morning in...Full Story
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