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Oil+producers+consider+extending+supply+cut
Monday, 27 March 2017 - 7:39
Oil producers consider extending supply cut
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Major oil producers are considering extending their recent cuts to output in a fresh bid to boost prices.

Countries in the oil cartel Opec and several other oil nations started to reduce production at the start of 2017.

The move initially pushed up the oil price, but it has dropped in the last few weeks on fears the limits would not be enough to deal with an oil glut.

 

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