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OPEC, Russia move closer to cutting oil output

By Olesya Astakhova and Shadia Nasralla
OPEC, Russia move closer to cutting oil output

OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC's de facto leader, Saudi Arabia, has indicated a need for steep output reductions from January, fearing a glut, but Russia