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The OPEC meeting ended with ministers approving additional production cuts for Q1 2020 on Thursday afternoon.

The cuts for the OPEC+ group which currently stand at 1.2 million bpd, will be increased to 1.7 million bpd.

Oil prices were down moderately this Friday in Asia, WTI was trading down -$0.90 at $58.20 per barrel from Thursday high of $59.11.

The group continue day 2 meeting today.

source: oil price