Oil surges 12% on hopes that a deal to cut production is coming soon from OPEC and its allies

Oil surges 12% on hopes that a deal to cut production is coming soon from OPEC and its allies

Business Insider

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· *Oil gained Wednesday as investors look forward to OPEC and its allies meeting later this week to discuss potential production cuts amid the coronavirus pandemic. *
· *US West Texas Intermediate crude spiked as much as 12% to $26.45 per barrel on Wednesday while Brent crude gained nearly 4% to $33.87 per...

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