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Oil Producers To Cut Supply

Only Available in Archive Formats.
Oil Producers To Cut Supply

Oil Producers To Cut Supply

Oil Producers To Cut Supply

Only Available in Archive Formats.

—NPR's Larry Abramson reports that several countries have agreed to cut their production of crude oil in an effort to stop falling prices. The oil producing countries have decided to lower the supply by up to two million barrels a day. They hope this will create greater demand and raise the price of oil. Representatives of some of the countries met over the weekend in Saudi Arabia.

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