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OPEC Meeting in Vienna May Result in Less Production

Thursday 6 December 2018

VIENNA (VoA) — Leaders of the Organization of Oil Producing Countries are expected to agree on reducing oil output during a meeting Thursday is Vienna.

The price of crude oil fell by more than 20% in the past two months because of an excess of crude on the market. U.S. President Donald Trump has warned against increasing oil prices, but experts say that a cut in production from the OPEC countries and Russia is the most likely outcome of the Vienna meeting.

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