![Oil Prices Jump, Signaling a ‘Proactive, Pre-emptive’ OPEC](https://cdn.newsserve.net/ONPglobe256.png)
Oil Prices Jump, Signaling a ‘Proactive, Pre-emptive’ OPEC
Adding to global economic uncertainties, oil prices rose on Monday after Saudi Arabia and other major producers announced a surprise cut in crude production. Saudi Arabia said on Sunday that its 500,000 barrel-a-day cut in oil production was a “precautionary measure aimed at supporting the…
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