High oil prices reveal OPEC's fragility
Cartel's ability to stabilize the market in doubt
By Agence France Presse (AFP)
Monday, August 09, 2004
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The latest rumblings in the Yukos affair this week have raised more questions about OPEC's ability to control oil prices and further strengthened a widely-held view that a $50 barrel might not be too far in the future. OPEC, which has in the past been known to keep a tighter ship, has recently issued a string of contradictory statements.
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