Opec Agrees Modest Hike In Oil Supply After Iran Softens Stance

VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage.

Topics:  vienna reuters     opec   july   saudi arabia   iran   modest   oil   supply   
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