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Euronews
Euronews
Eleanor Butler

Oil prices jump after OPEC+ announces modest monthly output hike

Oil prices rose on Monday morning in Europe after the OPEC+ group agreed to only a modest boost in monthly production, allaying fears of a more dramatic hike.

After meeting on Sunday, the alliance said that it would raise oil production by 137,000 barrels per day in November, the same total it announced for October.

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