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(Studio) Oil price increases announced by Saudi Arabia, Qatar, United Arab Emirates and Venezuela reported; details given. Monday's OPEC (Organization of Petroleum Exporting Countries) meeting said probably resulting in further increases
REPORTER: Walter Cronkite
(DC) Amt. of United States oil imports provided by 4 ntns. announcing price increases today reported; implications for United States economy outlined on screen. Impact on Mobil, Exxon, Chevron and Texaco examined; government control and lack of control on gasoline and heating oil prices, respectively, noted. Anticipated price increases at next week's OPEC (Organization of Petroleum Exporting Countries) meeting considered.
REPORTER: George Herman
- Cronkite, Walter;
- Herman, George
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