OPEC Is Already Thinking About $70 Oil
An employee holds a sample of crude oil on his glove. (Photographer: Andrey Rudakov/Bloomberg)

OPEC Is Already Thinking About $70 Oil

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(Bloomberg Gadfly) -- As recently as OPEC's last meeting, back in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Don't expect that to be repeat...
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