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Currently viewing the tag: "opec"
On October 16th, Oil prices plummeted below $70 for the first time in 16 months, loosing half its value since hitting a record high of $147.27, prompting the oil cartel OPEC to call an emergency meeting.
OPEC cut production by 1.5 million barrels a day starting November after their emergency meeting on October 24th [...]
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