With fuel costs already at uncomfortable levels for consumers, OPEC took a step that could push prices even higher by announcing Wednesday that it would cut its crude oil production target by 4 percent.
The Organization of Petroleum Exporting Countries hopes the cut, which takes effect Thursday, will prevent a slide in prices this spring, when the global demand for oil usually slips to a seasonal low.
Bastages!
The Organization of Petroleum Exporting Countries hopes the cut, which takes effect Thursday, will prevent a slide in prices this spring, when the global demand for oil usually slips to a seasonal low.
Bastages!