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Oil nations seen hiking prices by up to 4.50 a barrel
New York AP reports analysts expect OPEC to raise crude prices this fall as world surplus and inflation pressure remain. Officials like Parsky doubt a large rise, while Shah of Iran signals possible September action to offset dollar decline. Analysts vary on the extent and timing.
MENTIONED IN THIS ARTICLE
New York
West
OPEC
Asst. Treasury
Gerald Parsky
Frank G. Zarb
NBCTV
Meet the Press
Shah Mohammad Riza Pahlevi
Iran
Shah
Charles Maxwell
C.J. Lawrence
Wall Street
Maxwell
Saudi Arabia
John Litchblau
Petroleum Industry Research Foundation
Mideast
Georgia Macris
Petroleum Intelligence Weekly
United States
Asst
Treasury