With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of...

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VIENNA, Austria (AP) -- Iran's oil minister said Monday that there is too much crude on the market, adding that OPEC is reviewing whether supply exceeds demand before deciding whether to cut back production. Investors are waiting to see if...
2008-09-07 15:23:01 - Still, such a move would not even have been thought of with oil prices setting record after record back in July. But the bull run appears to have paused, if not ended, which means a new look at options for...
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