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News > Economy
Oil prices rising in Europe
May 17, 2000: 5:25 p.m. ET

Despite OPEC's recent moves, wholesale prices are up 30 percent
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LONDON (CNNfn) - In the past five weeks, wholesale oil prices have accelerated by 30%. What is driving oil prices up?

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Place the blame on a tight U.S. gasoline market, and on OPEC, with its recent price band mechanism under international scrutiny.

CNN's Christian Mahne takes a look at rising oil prices and who is to blame. Back to top





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.