Getting your player ready...
VIENNA — A jump in oil prices to six-month highs despite anemic world demand is working against hardline OPEC members advocating even costlier crude ahead of a meeting of the 12-nation organization.
Formally, the meeting Thursday in Vienna could decide on a variety of options: cutting output levels, keeping them steady or raising them.
But with prices high — and demand low due to the worldwide recession — oil ministers will likely shrug off pressure from price hawks Iran and Venezuela to cut output in an attempt to boost prices and opt to keep present levels.
