12/5/2019, 5:51 PM (Source: TeleTrader)
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OPEC agrees on 500K additional cut - reports

The Organization of the Petroleum Exporting Countries (OPEC) has agreed on an additional crude output reduction of 500,000 barrels per day, according to various media reports from Thursday that cited a delegate at the organization's summit in Vienna.

Earlier in the day, the additional cut was recommended by OPEC's Joint Ministerial Monitoring Committee for the first quarter.

Breaking the News / NI