George Jahn

Associated Press
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Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of Qatar and President of the OPEC Conference, left, and Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Saturday, Dec. 10, 2016.
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In the short term, the production cuts will result in somewhat more pricey oil, but the upward trend might soon peter out.
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