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Venezuela Says Will Push OPEC Until Oil Reaches $100

Venezuela will keep campaigning until oil prices rebound to $100 per barrel, president Nicolas Maduro said Thursday night after OPEC refused to cut output, as the cash-strapped South American country had aggressively pushed for. Saudi Arabia blocked calls from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low of around $71.25. The decision is a blow to Venezuela's flailing...

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