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OPEC, allies agree to oil production cut

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OPEC and its allies reached a deal to cut oil production by 9.7 million barrels per day.

It's the single largest output cut in history.

“This will save hundreds of thousands of energy jobs in the United States,” said President Donald Trump, who was involved in brokering a deal between Saudi Arabia and Russia after a price war broke out between the two countries.

Read more from CNBC.

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