OPEC To Cut Oil Production 1.5M/Bll Per Day
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As expected, OPEC agreed to cut oil production for the first time in almost two years due to faltering demand. OPEC will cut production 1.5 million barrels a day.
Crude is down 57% from its record high of 147.27 in July 2008.
Crude is down 57% from its record high of 147.27 in July 2008.
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