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HomeBreaking NewsOPEC+ backs another modest oil output hike despite surging prices

OPEC+ backs another modest oil output hike despite surging prices

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OPEC+ has resisted US pressure to step up oil production to tame surging crude prices

Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday despite soaring crude prices and geopolitical tensions rattling the markets.

The 23-nation OPEC+…



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