Opec and Russia agree to cut oil output in bid to prop up prices

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Opec and Russia agree to cut oil output in bid to prop up prices
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Reductions in response to coronavirus crisis amount to 10m barrels per day, or 10% of global supplies

Opec and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered in the coronavirus crisis.

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