Does OPEC set oil prices?

Related questions

1. Do prices go up or down in a recession?
2. How much does oil cost?
3. Does US buy oil from Saudi Arabia?
4. Do oil prices go down in summer?
5. Do prices go down in a recession?
6. How was oil created?
7. When oil prices go up what happens?
8. Why did the price of oil drop in 2008?
9. Do oil prices go up in a recession?
10. Will we run out of oil?

Tags

1. #controls
2. #pricing
3. #volume
4. #increases
5. #control
6. #helped
7. #prices
8. #number
9. #through
10. #quotas
11. #levels
12. #events
13. #maintain
14. #production
15. #strategy
16. #there
17. #stable
18. #world