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Boom Bust looks at OPEC+ decision on oil production policy | Boom Bust looks at OPEC+ decision on oil production policy |
(14 days later) | |
Oil prices climbed to multi-year highs shortly after a group of some of the world’s most powerful oil producers and their allies (OPEC+) said on Monday that it would stick to its existing pact for a gradual increase in oil supply. | Oil prices climbed to multi-year highs shortly after a group of some of the world’s most powerful oil producers and their allies (OPEC+) said on Monday that it would stick to its existing pact for a gradual increase in oil supply. |
This referred to its previously agreed decision to add 400,000 barrels per day to the market for the month of November. | This referred to its previously agreed decision to add 400,000 barrels per day to the market for the month of November. |
Christy Ai explains what the decision means for the oil market. | Christy Ai explains what the decision means for the oil market. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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