OPEC+ agrees to cut oil production by 2 million barrels a day: report
The Organization of the Petroleum Exporting Countries and its Russian-led allies agreed Wednesday to cut crude production by 2 million barrels a day, news reports said. Speculation of a cut of up to 2 million barrels a day had built ahead of the meeting, helping to lift crude futures sharply on Monday and Tuesday. Futures were giving back some gains, with November WTI crude
CL.1,
the U.S. benchmark down 0.5% at $86.12 a barrel on Nymex, while December Brent
BRN00,
the global benchmark, was off 0.1% t $91.70 a barrel.
