Fearing new oil glut, OPEC builds case for keeping supply cuts

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Fearing new oil glut, OPEC builds case for keeping supply cuts
London — OPEC on Thursday cut the forecast of global demand for its oil this year as rivals boost production, building a case for extending supply curbs beyond June to stop any new glut. Continued supply reductions would further support oil prices, which are up about 25 percent this year at $68 a barrel, and incur … More »

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