Oil Producers Announce More Production Cuts After Meeting

Oil Producers Announce More Production Cuts After Meeting

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OPEC Plus agreed on Thursday to cut oil production by almost 700,000 barrels a day, less than 1 percent of global supplies, in an effort to prop up prices. OPEC Plus, led by Saudi Arabia, moved to bolster prices at its year-end gathering. The group also said Brazil, an oil giant, was expected to…

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