At a meeting of the Arab OPEC members earlier this month, Kuwaiti oil minister Ahmad Abdullah Al-Sabah said a price below $65 a barrel would "ring a bell" for the oil cartel and could prompt them to hold an emergency meeting ahead of the next scheduled meeting Oct. 14.
OPEC could react to a low price by cutting production, as it did in 2008 when the financial crisis lowered demand and sent oil prices plunging.
By. Darrell Delamaide
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