Refinitiv Newscasts - Reuters Today: Oil prices steady after Russia and Saudi Arabia extend production cuts

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06/09/2023 09:30

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Source: Reuters

Description: Investors had expected Saudi Arabia and Russia to extend
voluntary cuts into October, but the three-month extension was unexpected. One
analyst told Reuters that the impact these cuts will have on inflation and
economic policy in the West is hard to predict, but higher oil prices will
only increase the likelihood of more fiscal tightening.
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