Bloomberg News
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OPEC Oil Supply Cuts Sink Under Soaring U.S. Production
Posted
June 24, 2019
Views
614
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June 24, 2019
614
8
2
1.63%
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0:57Now PlayingOPEC's oil production cuts, designed to buoy global prices, are sinking beneath soaring U.S. production and flat global demand. With U.S. output forecast to continue increasing, and tensions in the Persian Gulf providing only mild upside, OPEC ministers will meet in July to decide whether the strategy is still worth pursuing.
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