Topline
Crude oil prices rose to their highest level this year Tuesday as the world’s second- and third-largest oil producers jointly agreed to cap output, a bad omen for gasoline prices as Americans enjoy a lengthy reprieve from the historically high prices at the pump experienced last year.
Key Facts
Saudi Arabia will cut oil production by 1 million barrels per day through December, while Russia will reduce output by 300,000 barrels per day.
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