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Oil Prices Hinge On OPEC Decision In Light Of COVID-19 Outbreak

March 5, 2020

Via: Forbes

OPEC ministers reached a deal on Thursday to cut oil production by 1.5 million barrels a day, but it remains to be seen whether Russia and the other OPEC+ partners will go along with the reductions.

The OPEC+ is meeting this week in Vienna to hammer out an agreement to curb production to support prices in response to lost demand for oil caused by the COVID-19 virus outbreak.

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