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Oil prices up as OPEC and friends decide to postpone production hikes

Rolling back 2.2mb/d of voluntary cuts by two months.

Colin Sandell-Hay
Oil prices up as OPEC and friends decide to postpone production hikes

Crude oil edged higher to around US$69 after OPEC+ members voted overnight to extend voluntary cuts. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman all agreed...

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