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Oil prices stabilise as Russia joins OPEC in production cut

Oil steadied on Wednesday as Russia joined OPEC in cutting production to balance the market, although large supply in places such as the United States dragged on prices. The Organisation of the Petroleum Exporting Countries is an intergovernmental organisation of oil-exporting developing nations that aims to ensure stable oil prices within global oil markets. Brent […] The post Oil prices stabilise as Russia joins OPEC in production cut appeared first on Punch Newspapers.
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Added February 01, 2017
from The Punch News