Oil prices fall amid skepticism on OPEC+ supply cuts
Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to voluntary output cuts approaching 2 million barrels per day (bpd) for early next year, with each country announcing separately its voluntary cut.
Some OPEC+ members will cut the oil that they send to the world to try to boost prices
The OPEC oil cartel and allied producers have made another big swipe at propping up lagging crude prices. The OPEC+ oil ministers came out of an online meeting Thursday with
Saudi Arabia extends cut in oil it sends to the world in bid to boost prices
Saudi Arabia will extend a cut in the amount of oil it sends to the world after a series of reductions by members of the OPEC+ alliance of major producing countries failed to prop up prices
Oil price climbs as Saudi-led cartel agrees to cut production - latest updates
The price of crude has risen after a cartel of oil-producing nations led by Saudi Arabia said it would cut production by another one million barrels per day.
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