Markets unsatisfied with deal to maintain production
The first signs of cooperation between OPEC and non-OPEC countries on crude oil production emerged today in the form of a deal between Russia and three OPEC members, including the group’s largest producer, Saudi Arabia. Russia, Saudi Arabia, Venezuela and Qatar agreed to a production freeze today, as the global glut of crude oil continues to keep downward pressure on prices.

The deal between the countries will fix production at January levels, according to Bloomberg. In the first month of...

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