OPEC poised to lift output

Monday March 27 by Claudia bournecnn
Leaders of OPEC began formal negotiations Monday that are expected to lead to an agreement for a global supply increase --- a move that members hope will dampen oil prices and ease worries about energy-induced inflation spurred by near-record prices for the commodity. The Organization of the Petroleum Exporting Countries is seeking to bridge a gap between its members on how far to open up the oil taps without sending prices crashing.

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