OPEC Meeting Ends W/ Agreement on 1.2M B/D OPEC+ Cut: Delegates – Brent rallies over 5%
OPEC meeting in Vienna has ended with an agreement for a combined cut with non-OPEC allies of 1.2m b/d, delegates say.
The cut will be split with OPEC cutting 800k b/d and non-OPEC 400k b/d
Iran is exempt from making any cuts
