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Oil prices have been stuck near $75 since May. Fears of global economic slowdown and the knock-on effects on oil demand are offsetting supply cuts by members of OPEC. ....
Oil prices increased Monday on the news that Saudi Arabia and Russia would each impose additional supply cuts for the month of August, amounting to roughly 1.5% of global supply and threatening to push up gas prices for drivers across the United States through the second half of the year. ....