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Thursday, 29 September 2016

Oil Surges as OPEC Said to Agree on Oil Output Cut: Bloomberg

Published on Sep 28, 2016
Sept. 28 -- OPEC agreed to cut production for the first time in eight years, sending oil prices more than 6 percent higher, as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014, according to a delegate briefed on the matter. Bloomberg's Will Kennedy has more on "Bloomberg Markets."

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