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REFILE-COLUMN-The return of OPEC

Dec 1 (Reuters) – Two years ago, when the Organization of
Petroleum Exporting Countries chose not to cut output and let
oil prices collapse, many pundits penned obituaries for the
producer group. Yet on Wednesday, OPEC seemed to breathe new
life, agreeing to cut output 1.2 million barrels per day (bpd).

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