ap

Skip to content
PUBLISHED:
Getting your player ready...

VIENNA — OPEC tried Sunday to nudge oil prices up by urging its members to stop overproducing, but the cartel decided not to cut output levels, which could have driven prices sharply higher.

The decision was sure to be welcomed by the U.S. and other major oil-consuming countries because setting lower output limits could have jolted the already anemic world economy through a sudden price increase.

RevContent Feed

More in News