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Suit Alleges OPEC Price-Fixing On Oil In U.S.

By Sara Stefanini (July 2, 2007, 12:00 AM EDT) -- Foreign oil wholesalers OAO Lukoil, Saudi Arabian Oil Co. and Petroleos de Venezuela SA have been hit with a proposed class action alleging that, as members of OPEC, they have colluded to limit the supply of refined petroleum products and keep prices high since the 1980s....

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