OPEC warns that oil prices will remain high
Date: Sunday, January 30 @ 08:58:44 PST
Topic: Consumption; Demand; Prices
VIENNA, Austria - OPEC (news - web sites) warned Sunday that oil prices, already hovering near $50 a barrel, would remain high through the spring, even as the cartel decided to keep its production ceiling at 27 million barrels a day.
The decision, reached at a meeting of the 11-nation group in the Austrian capital, offers little solace for consumers worried about the price of heating oil this winter.
Yahoo has the story.
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