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OPEC / Oil Prices #321278

CBS Evening News for Monday, May 02, 1988
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(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) Saudi Arabia reported disagreeing with OPEC (Organization of Petroleum Exporting Countries) plan to cut oil product; details given, scenes shown. [Oil trader Joel FABER - says everyone is panicking.] Lower oil prices noted benefiting American consumers. Commerce Department's factory orders and construction spending figs. illustration [Oil ind. analyst Charles MAXWELL - comments on narrow escape from gas price incr.] [OPEC (Organization of Petroleum Exporting Countries) president Rilwanu LUKMAN - says oil prices are on rise.] [Oil trader Bill BRADT - says there's excess oil in world.] Situation's impact upon oil-producing states discussed.

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:02:00

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