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OPEC Cuts Output To 32.5 Million Barrels Per Day

OPEC Cuts Output To 32.5 Million Barrels Per Day

Bloomberg News reported on Wednesday that the Organisation of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to end without agreement. In London benchmark Brent North Sea […]

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