OPEC and its allies, known collectively as OPEC+, finalized an agreement to cut production by 9.7 million barrels per day — the single largest output cut in history.
The moves came after OPEC and its allies, known collectively as OPEC+, finalized an agreement to cut production by 9.7 million barrels per day. That's the single largest output cut in history.
Developments surrounding the global coronavirus pandemic are also likely to continue weighing on investor sentiment, with more than 1.8 million confirmed cases globally while at least 112,241 lives have been taken, according to data compiled by John Hopkins University., which tracks the greenback against a basket of its peers, was last at 99.474 after declining from levels above 100 last week.
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OPEC and allies finalize record oil production cut after days of discussion
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