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OPEC cuts production by more than expected–but markets are increasingly less impressed as the day advances

To the surprise of many, OPEC & Friends--what's known as OPEC+--agreed to cut production by 1.2 million barrels a day beginning in 2019. This was a bigger cut than the 1 million barrels a day that commodity markets had expected. Oil prices and oil stocks initially soared on the news with U.S. benchmark West Texas […]

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