Oil at 7-year high after OPEC+ decides on cautious increase

FILE - In this Dec. 19, 2019 file photo, the advertising label of the Organization of the Petroleum Exporting Countries, OPEC, shines at their headquarters in Vienna, Austria. The OPEC oil cartel and allied countries are meeting to decide on production. The meeting is being closely watched because oil markets are tight and the price of crude is just off a three-year high as the global economy bounces back from the pandemic.

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