OPEC decides to curb overall output; prices rise

Politics & Business / Money And Finance

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OPEC decides to curb overall output; prices rise

OPEC oil ministers agreed Wednesday to trim overall output by more than 500,000 barrels a day in a compromise meant to avoid new turmoil in crude markets while seeking to bolster falling prices. The news sparked a rebound in oil prices. Light, sweet crude for October delivery rose $1.00 to $104.26 a barrel in electronic trading on the New York
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