Brocker.Org: OPEC extends output cuts. Here’s what needs to happen to keep crude oil above $50 – CNBC

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CNBC

OPEC extends output cuts. Here’s what needs to happen to keep crude oil above $50
CNBC
OPEC has agreed to extend a deal to cut crude oil production for nine months, sources say. An initial six months of output reductions failed to shrink brimming crude stockpiles around the world. Analysts say OPEC members need to curtail exports and
OPEC extends oil output cut by nine months to fight glutReuters
OPEC Extends Oil Cuts for Nine Months to End Global GlutBloomberg
Oil slides below $51 as OPEC agrees on 9-month output extensionMarketWatch
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