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OPEC not rushing to boost production rates as oil hits $80 a barrel

USA Today
OPEC not rushing to boost production rates as oil hits $80 a barrel

OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent hitting $80 a barrel on Thursday. The cartel sees the price spike as only a short-term rally driven by geopolitical concerns rather than the fundamentals of a much tighter oil