Brent crude oil prices surge to nearly $52/bbl after OPEC agrees output cut

Short resume:

prices
90%
crude
90%
output
70%
levels
60%
Brent crude oil prices surge to nearly $52/bbl after OPEC agrees output cut

SINGAPORE: Oil shot up over 10 percent after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede this month, while other producers stand ready to fill the gap in the longer term.
Source Economic Times
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