OPEC agrees on to cut its oil output for the first time since 2008.
: Qatar's Energy Minister Mohammed Saleh Abdulla Al Sada Source: Getty Images
OPEC nations reached a preliminary agreement on Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations.
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