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OPEC Plus Signals Cautious Approach to Oil Production

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

© Al-Zour Refinery, via Agence France-Presse — Getty Images

An oil refinery south of Kuwait City. An analyst said that increased production by OPEC Plus, along with rising output by countries outside the group, could lead to supply outstripping demand.
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