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OPEC+ extends production cuts into 2025

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OPEC+ reached a decision to extend deep oil output cuts into 2025, Reuters reports.

Members of OPEC+ currently are cutting output by nearly 5.9 million barrels per day.

"We are waiting for interest rates to come down and a better trajectory when it comes to economic growth ... not pockets of growth here and there," Saudi Energy Minister Prince Abdulaziz bin Salman said.

Read more from Reuters.

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