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Oil Prices / OPEC #562007

NBC Evening News for Saturday, Apr 30, 1988
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(Studio: John Cochran) Stmt. from OPEC (Organization of Petroleum Exporting Countries) officials that oil product cuts could raise oil prices reported Report introduced.

(Vienna, Austria: Mike Jensen) Oil price decline due to oversupply featured; efforts by several non-OPEC (Organization of Petroleum Exporting Countries) countries to cut oil product to push up prices if OPEC (Organization of Petroleum Exporting Countries) would do same reported Calling of emergency OPEC (Organization of Petroleum Exporting Countries) conference to halt price slide reported; scenes shown. [Oil analyst Paul MLOTOK - says countries' econ. needs usually lead to setting pols. aside.] Plans for oil product cuts outlined on screen; impact of cuts on gasoline prices analyzed.

Cochran, John;
Jensen, Mike

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