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Why did the oil exporting countries form OPEC and what effects did the subsequent rise in oil prices in the 1970s have on the Third World?
Updated: 8/16/2019
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∙ 15y agoBest Answer
the oil exporting countries of the Middle East formed OPEC in 1960 because of the Suez crisis and the oil prices rose as production decreased
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∙ 15y agoThis answer is:
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