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The Oil prices continue to increase until 51.82 (Crude Oil) and 54.55 (Brent Oil).

 On Wednesday in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) reached a deal to cut their oil production by 1.2 million barrels per day in order to raise global prices. Saudi Arabia will take the brunt of this cut. Under the deal, OPEC nations will bring Oil production volume down to 32.5 million barrels per day, with Saudi Arabia, Iraq, UAE, and Kuwait making the biggest cuts.

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