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Archive Home > 2009 > September > 10 > For OPEC, current oil price is just about right

For OPEC, current oil price is just about right

By Jad Mouawad / The Bulletin
September 10, 2009

VIENNA — Has the world found its Goldilocks price for oil at $70 a barrel — not too high for consumers, not too low for producers?

For members of the Organization of the Petroleum Exporting Countries, who were meeting here late Wednesday, today’s price seems just about right. For consumers, high....

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