OPEC+ to cut oil production by 2 million barrels a day next month
The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.
In a statement, OPEC+ said the decision was based on the "uncertainty that surrounds the global economic and oil market outlooks."
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