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OPEC curbs output as the price of crude drops again

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OPEC curbs output as the price of crude drops again

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Opec will cut production of crude oil by 512,000 barrels a day.

The announcement, which was unexpected, came just after the price of a barrel of crude fell below one hundred dollars a barrel for the first time in five months.

The OPEC ministers meeting in Vienna said overall production would fall from 29.67 million barrels a day to 28.8 million.