Many of the Oil-Producing Countries of the World Organized Themselves

Multiple Choice

Many of the oil-producing countries of the world organized themselves into a cartel to regulate the production and the pricing of oil: this cartel is called the:

A) Organization of Oil Producing Countries (OOPC) .
B) Oil Producing Countries United (OPCU) .
C) Organization of Petroleum Exporting Countries (OPEC) .
D) Petroleum Producing Countries United (PPCU) .
E) Association of Petroleum Exporting Countries (APEC) .