Business

The economic slowdown caused by COVID-19 is pushing oil prices down to their lowest level in more than 30 years.

The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production, or a tenth of global supply. More countries, including the United States, were discussing Friday their own cuts in what would be an unprecedented global pact to stabilize the market.