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500 days and a billion barrels of lost oil pushes crude to $80

Updated : May 22, 2018 13:16:15 IST

Brent crude futures reached an intraday high of $80.18 on Thursday, breaching the $80 a barrel level for the first time since November 2014.
Led by Saudi Arabia, the OPEC and 10 of its partners including top producer Russia have cut their crude output by a joint 1.8 million barrels a day since January 2017.
Published : May 17, 2018 06:36 PM IST

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