Date:01/07/2008 URL: http://www.thehindu.com/2008/07/01/stories/2008070158420100.htm

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OPEC rejects India’s price band proposal

Madrid: Oil cartel OPEC on Monday rejected India’s call for regulating crude prices through a price band, saying the market was the best judge. Crude prices have touched an all-time high of $142.99 a barrel. — PTI