OPEC delivers warning on oil prices

OPEC warned today that oil prices, already hovering near US 50 a barrel, would remain high through the spring, even as the cartel decided to keep its production ceiling at 27 million barrels a day.

OPEC delivers warning on oil prices

OPEC warned today that oil prices, already hovering near US 50 a barrel, would remain high through the spring, even as the cartel decided to keep its production ceiling at 27 million barrels a day.

The decision, reached at a meeting of the 11-nation group in Vienna, offers little solace for consumers worried about high fuel prices.

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