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Crude prices rally as top producers mull big output cut

Crude prices rally as top producers mull big output cut

13 Sept 16:30 Key points summarised by AI
  • Oil prices surged over three percent as OPEC and allied producers consider a significant output cut of one million barrels per day.
  • This potential reduction, the largest since the pandemic, aims to tighten global supplies and reverse recent price declines, with analysts predicting further gains towards $100 a barrel.
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