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Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors

Reports have emerged that Saudi Arabian officials are now denying news originating from the Wall Street Journal that OPEC is considering a 500,000 barrel-per-day oil production increase. ....

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Possible OPEC+ cuts of 1.5 million (or more) may be considered

So far talks among OPEC+ delegates indicate that a cut of 1.5 million or more might be considered. Unclear if this will be in phases ....

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