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The Economic Times

OPEC meets tomorrow to mull output cut extension

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With bills rising for gasoline or heating oil, consumers around the world are paying the price for a decision by OPEC and Russia last year to cut production. The strategy is working for those oil-producing nations and will likely be extended at a meeting Thursday. Benchmark crude prices are now close to $60 a barrel, depending on the grades, up almost 20 percent since a year ago.

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