What is OPEC?

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Silvia Doyle
Answered 2 months, 2 weeks ago
<p>In the context of trading, OPEC (the Organization of the Petroleum Exporting Countries) is a group of 13 oil-producing nations that collectively influence global oil prices by adjusting their production levels. Traders defines OPEC as a group of countries that control a significant portion of the world's oil supply.&nbsp;<br></p>