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Niaga AWANI: Oil leaps 6% as OPEC+ shocks markets by cutting output target

Niaga AWANI: Oil leaps 6% as OPEC+ shocks markets by cutting output target

Oil benchmarks jumped 6% on Monday, the day after the OPEC+ Group jolted markets with plans to cut more production, raising fears of tightening supplies while some warned of reduced demand if oil refiners flinch at paying higher prices for crude.
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