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Oil hopes dashed by OPEC meeting

Commodity markets had hopes that Wednesday's meeting between OPEC officials and those oil producers outside the organisation - including Russia - would result in an agreement on production cuts.

Photo: Kamran Jebreili / AP Polfoto

There were high hopes that Wednesday's meeting between OPEC officials and oil producers outside the organisation, such as Russia, would result in an agreement on production cuts. However this did not come to pass, as restrictions on production or targets were not at all covered by discussion, according to a Russian official.

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