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Reuters: OPEC+ to Ease Oil Output Cuts by Around 2 Million bpd Between Aug. And Dec.

Adel 1 July, 2021 4:16 pm Breaking News, Commodities, Market Update

Citing two sources with the knowledge of the matter, Reuters reported on Thursday that the OPEC+ is likely to ease oil output cuts by around 2 million barrels per day between August and December.

Crude oil jumped on the news and was seen at its highest level since October 2018 at $75.87.

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