Oil production tug of war looms between OPEC and U.S.

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https://i.cbc.ca/1.3808082.1476709567!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/opec-meeting.jpg The past week has been a good one for OPEC. The cartel trumpeted its oil production cuts on Wednesday, saying it had made 90 per cent of the promised cuts and that non-OPEC members had made 60 per cent. Meanwhile in the U.S., rising production hit nine million barrels a day.


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