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OPEC Reduces Oil Production by 2 Million Barrels per Day Despite Pressure to Pump More
Manage episode 345133805 series 3296212
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On 10/5/2022, OPEC and non-OPEC producers decided to cut oil production to shore up prices. The price of oil is now $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession.
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