New York Times | OPEC Leader Cites 'New Optimism' With Oil Prices on the Rise New York Times Oil prices have risen unexpectedly fast of late, surging 20 percent since the beginning of September, providing much-needed money for the strained budgets of the 14 members of the Organization of the Petroleum Exporting Countries. That leaves OPEC ... OPEC heading for oil cut extension with a caveat Oil prices are poised for a pullback after OPEC announces its output cut decision US Oil Has One Fatal Weakness |