MCX Crude Oil CMP @ ₹4665
Free MCX Crude Report : Above ₹ 4610, Sell Karna Mana Hai, Any Panic Only Buy
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OPEC said last Friday it wanted countries –part of the production cut agreement – to increase production, returning to 100% compliance with agreed quotas by 1 July 2018. While the oil-cartel appeared reluctant to give specific numbers on quotas, Saudi Arabia said the move would equate into a nominal output rise of around 1 million barrels per day (bpd), or 1% of global supply.
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