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OPEC Agrees to Agree

Yesterday's reported OPEC deal left many details unresolved, so oil prices remain under $50, at least for now. Time has given OPEC greater leverage to make effective production cuts, and ample incentive to do so. Will that be enough to close the deal come November? Yesterday's news that OPEC's members have agreed on the outlines of a deal to reduce output is a fine reason to end my long, unplanned hiatus between blog posts.
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