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OPEC: CRUDE OIL OUTPUT WILL NOT INCREASE

OPEC: CRUDE OIL OUTPUT WILL NOT INCREASE


The crude oil price has reached its highest level in two months after OPEC members reported that they will not increase their crude oil output. 

U.S. President Donald Trump has demanded that the Organization of the Petroleum Exporting Countries increase their supplies to make up for the expected fall in Iranian exports and lower prices. However, OPEC countries have decided not to increase their oil output unless consumers request so. Compared to the downturn in mid-August, crude oil prices rose by around 10 percent.


Source: BloombergTv.mn 


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