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(From AP Worldstream)
OPEC agreed Wednesday to follow through on an earlier pledge to cut its oil production target by 4 percent starting in April, several oil ministers said.
The Organization of Petroleum Exporting Countries, which pumps about a third of the world's oil, will reduce its output ceiling by 1 million barrels per day. A recent surge in oil prices had led some of the group's 11 members to suggest ...