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Hangover awaits as Opec celebrates

Cheating by members is one reason not to get too delirious about the production cut
Friday, December 2, 2016 - 05:50

London

LET Opec celebrate. For now.

The oil club is dizzy with its own success after a harmonious meeting in Vienna, where it surprised the world by agreeing to its first production cut in eight years. Oil prices up 10 per cent? Check. Saudi Arabia and Iran in agreement? Check.

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