UPDATE: Iran Says Majority of OPEC Members Agree on Output Cut; Saudi Arabia, Gulf Arab Countries Don't Support Cut - Bloomberg, Citing Shana

(Updated - December 2, 2015 10:28 AM EST)

The majority of OPEC members agree on a reduction in crude production, according to Bloomberg, citing a report from Shana. Shana cites Mehdi Asali, director general OPEC and energy forums at Iranian Ministry of Petroleum. Saudi Arabia and Persian Gulf Arab countries don't support production cuts.

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