Oil agreement could support stocks, providing a floor
April 12, 2020Oil futures little changed despite record output cut by OPEC+
April 12, 2020OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
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OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%.
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