Iraqi oil minister says big oil cut deal will help to stabilize oil market
April 12, 2020OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
April 12, 2020Oil agreement could support stocks, providing a floor
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An agreement by oil-producing nations on Sunday to cut output by a record amount may sustain a recent bounce in stocks, although stay-at-home restrictions and closures tied to the coronavirus pandemic still weigh on the global economy.
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