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OPEC: Pricier crude could erode 2010 demand

Published: November 11, 2009 8:44 AM
By The Associated Press  TAREK EL-TABLAWY (AP Business Writer)

Quick ReadOPEC warns higher oil prices could undercut 2010 global oil demand

CAIRO (AP) — OPEC on Wednesday cautioned that a sustained increase in oil prices above their current level could erode crude demand next year amid a shaky global economic recovery.

Citing continuing signs of a global economic recovery, the Organization of the Petroleum Exporting Countries — supplier of about 35 percent of the world's crude oil — revised its estimate for 2010 global demand...

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