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OPEC Signals Unity After U.A.E. Exit With Pledge to Boost Oil Output
OPEC sought to project a united front Sunday, agreeing to a symbolic increase in oil output just days after the bombshell departure of the United Arab Emirates. But the pledge masks fault lines that could soon resurface.
The Organization of the Petroleum Exporting Countries and its allies agreed to raise production by about 188,000 barrels a day in June, a third consecutive monthly increase and a signal to markets that the cartel’s policies remain unaffected by the rupture.
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