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CLEAN : OPEC boosts oil price with output cut
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Social Studies
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10th Grade - University
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Hard
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The video discusses the recent OPEC agreement, addressing initial skepticism and highlighting its significance in rebalancing the oil market. The agreement involves a production cut of 1.2 million barrels per day, effective January 1, 2017, with additional reductions from non-OPEC producers. This historic step aims to reduce stock overhang and stabilize the market.
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