Crude oil prices are seen taking a brief pause in rally seen over the last few days, gaining more than 11% since the start of the month. The Organization of Petroleum Exporting Countries and its allies said it will cut production by two million barrels per day in the coming months. The move was largely in response to a sharp fall in oil prices this year, with the cartel expressing discomfort over prices staying below $90 a barrel. WTI crude oil futures are currently quoting marginally lower at $88.44 per barrel, but stays at its best level in three weeks. Powered by Commodity Insights
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