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OPEC AGREES TO PRODUCTION CUT

Unconfirmed reports say OPEC has agreed to cut production by 1.2-million barrels per day to 32.5 million barrels per day.   Additionally, non-OPEC Russia has agreed to cut production to 0.2-millionm barrels per day.  The news has sent Crude Oil more than $3.00/bbl higher and Refined Products are up more than 8-cents per gallon.  The “official” statement from OPEC will be later today.

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