SECOND HALF ECONOMIC GAINS TO LIFT OIL PRICES

Robert J. Beck Economics Editor The oil market is surviving a turbulent 1991 without the price collapse many observers had feared. An economic recession reduced demand through midyear in the important North American products market. Iraq and Kuwait are still unable to export crude oil, however, and other members of the Organization of Petroleum Exporting Countries have avoided producing more oil than the market needs.

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