Why Does OPEC Control Oil Prices?

Why Does OPEC Control Oil Prices?

Newsy

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Watch VideoIf you ask around, high gas prices hit close to home. 

But a multi-national group, thousands of miles away, is really the one to turn to if you want to gripe about the price of fuel — OPEC.

OPEC is short for the Organization of Petroleum Exporting Countries. Five nations joined together in 1960 to form the...

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