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OPEC Strategy Bears Fruit As Oil Prices Break Out - Forbes
Forbes | OPEC Strategy Bears Fruit As Oil Prices Break Out Forbes In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed following a disastrous decision by the cartel in 2014 ... Oil soars 2.9% to 3-year high, settling at $68.47, as US crude stockpiles drop Exclusive: OPEC's new price hawk Saudi Arabia seeks oil as high as $100 - sources Saudi Arabia hopes to see oil rise as high as $100 a barrel: sources |
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