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Opec scrambles to agree to crucial oil output cut

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Published Mon, Nov 28, 2016 · 09:50 PM

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    Vienna

    ORGANIZATION of the Petroleum Exporting Countries (Opec) members will seek to give oil prices a boost in Vienna on Wednesday by nailing down their first output cut in eight years, although a deal is far from certain.

    Failure to get an accord could send oil prices tumbling and reignite debate about the purpose of the 56-year-old Opec.

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