OPEC Extends Oil Cuts for Another Nine Months

Published May 25th, 2017 - 10:53 GMT
OPEC members decide to extend the oil production cut. (AFP/ File)
OPEC members decide to extend the oil production cut. (AFP/ File)

OPEC members have decided today to extend oil production cuts for nine more months after a 2016 agreement failed to eliminate the global oversupply or achieve a sustained price recovery, according to Bloomberg News.


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