VIENNA — Facing greater oil demand but possessing limited ability to satisfy it, OPEC countries on Wednesday agreed to keep unchanged their output target of 30 million barrels a day.
The price of oil rose after the OPEC decision, with benchmark Brent North Sea crude for delivery in July climbing 45 cents to $109.97 a barrel in London.
The International Energy Agency, oil consultant to major consuming countries, sees short-term demand rising. But many OPEC members are at their production capacity limits.
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