The cut is expected to lift oil prices to between $55 and $60 a barrel. Though oil prices have slightly recovered recently, they have languished below $50. The U.S. crude managed to rise 3.3% to $51.06 on Thursday, adding to Wednesday’s 9.3% gain.
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The cut is expected to lift oil prices to between $55 and $60 a barrel. Though oil prices have slightly recovered recently, they have languished below $50. The U.S. crude managed to rise 3.3% to $51.06 on Thursday, adding to Wednesday’s 9.3% gain.