OPEC has announced that production cuts will continue until December.

OPEC has announced that production cuts will continue until December. Production cuts announced over the summer had previously been extended through September with the expectation they would be gradually phased out. Oil prices have been decreasing as global demand has decreased.

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https://apnews.com/article/oil-opec-mideast-3f6d65f80f7077e16be1a247bc4c9598