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What does the OPEC+ oil cut mean for US gas prices?

Por: ABC News Business October 06, 2022

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An alliance of oil-producing countries on Wednesday announced a dramatic cut in oil output with major implications for , industry analysts told ABC News.The group of nations known as OPEC+, led by Saudi Arabia and Russia, agreed on Wednesday to cut oil production by 2 million barrels per day starting in November.The decision to slash oil supply arrives as crude oil prices stand at $93, well below a high in June of $123. Many forecasters are... + full article



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