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OPEC's oil output dips to four-year low as cartel tightens market

.. crude trades at US$71.70 a barrel

OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut deeper than pledged and Venezuela’s crisis, sanctions, and blackouts hit its supply harder than in previous months.

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