High crude oil price problem: OPEC agrees to hike production by about 1 million barrels per day from July

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OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage.

from The Financial ExpressMarket – The Financial Express https://ift.tt/2ltLlhO
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