Oil drops below $70 after OPEC+ deal; UAE reiterates commitment

OPEC concept. Oil barrels in color of flags of countries memebers of OPEC on world political map background.
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  • OPEC and its allies have reached a deal to raise crude production in response to "oil demand showing clear signs of improvement and OECD stocks falling." Starting in August, they'll pump out an extra 400K barrels a day

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