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Feature May 2000

That should help a bit

Opec’s attempt in March to restore world oil prices to more comfortable levels for consumers appears to have worked, for now, as prices establish themselves in the range the organisation said was its target. But, despite claims of a new era of co-operation and stability, the Vienna meeting was prey to political in-fighting. At the same time, concerns over demand and extra output mean the market appears set for more price volatility.

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