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OPEC and allies decided to increase oil supply cuts, prop up prices

July 2, 2020 0 COMMENTS

Share This OPEC and its allies led by Russia are set to extend oil output cuts until March 2020 on Tuesday to try to prop up the price of crude as the global economy weakens and U.S. production soars. The alliance, known as OPEC+, has been reducing oil supply since 2017 to prevent prices from […]

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