The World - News from Dec. 8, 1985
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OPEC oil ministers from 13 member contries meeting in Geneva said oil prices may plunge next year, with grave consequences for the world, unless independent oil producers cooperate with the organization to tighten up supplies. Western analysts agree that prices are likely to come down in 1986 but contend this will help, rather than hurt, the world economy by spurring growth and reducing inflation. The Organization of Petroleum Exporting Countries has been unable to agree on a strategy for propping up prices.
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