OPEC Agrees to Cut Production, Sending Oil Prices Soaring - The New York Times

OPEC Agrees to Cut Production, Sending Oil Prices Soaring - The New York Times:



"OPEC’s 14 oil producing nations agreed on Wednesday to modestly cut their collective oil output later this year in an effort to bolster sagging prices, according to a cartel official. The decision sent global oil prices soaring by more than 5 percent."



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