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U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic. ....
The decision of the United States and Britain to stop Russian oil imports is expected to interrupt even further the global energy market with Russia being the second-largest exporter of crude. [.] ....
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