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Saudi Arabia, Russia Lead Four-party Freeze on Oil Outputs

Four of the world's biggest oil-producing nations moved to freeze their production Tuesday to try to halt the 70 percent drop in the price of crude because of a glut of oil on world markets. The agreement was reached by the oil ministers of Russia and three members of the Organization of the Petroleum Exporting Countries, Saudi Arabia, Venezuela and Qatar, during a closed-door meeting in Doha, the Qatar capital. The quartet said they would freeze output at January levels, which Saudi...

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