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Oil price surge looms as OPEC meets in Geneva
Oil consuming nations brace for a possible large rise in crude prices at the Geneva meeting of OPEC. Analysts fear a price jump up to 30 percent could lift gasoline and heating oil costs in the United States, with surcharges pushing the current oil bill higher.
MENTIONED IN THIS ARTICLE
New York
Organization of Petroleum Exporting Countries
OPEC
Geneva
Switzerland
United States
Merrill Lynch Economics Inc
U.S
Helmut Schmidt
Organization of Economic Development and Cooperation
Netherlands