The economic slowdown caused by COVID-19 is pushing oil prices down to their lowest level in more than 30 years.
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Mexico reaches deal paving way for OPEC, Russia oil output cuts | CBC News
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.