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According to Business Insider, oil prices are down after an OPEC meeting in Vienna. During the meeting, OPEC member nations discussed cutting production, while the Qatar announced it will leave the cartel next year. But the proposed production cuts will seek to balance the oil market, while managing prices. Although speculators expect OPEC to cut production by 1.4 million barrels per day, but Saudi energy minister Khalid Al-Falih cutting 1 million barrels a day will be adequate.

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  • Uploaded    12/06/2018
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