VIENNA, Austria  -A committee of major oil producers recommended Friday to keep the cartel's current output strategy unchanged after heavyweights Saudi Arabia and Russia extended their cuts despite recovering prices. Oil prices have picked up in recent months due to high demand coupled with tighter supply, sending the price for Brent crude up to $85 a barrel — its highest level in over three months. Following Russia's invasion of Ukraine in February 2022, oil peaked at more than $130 dollars per barrel.

https://business.inquirer.net/414392/opec-committee-recommends-to-stay-put-on-output-policy

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