Why is OPEC cutting oil output?

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Go back to Why is OPEC cutting oil output?
United States Oil Fund (NYSE: USO) Delayed: 155.48 -0.69 (0.44%)
Previous Close $156.17    52 Week High $13.50 
Open $154.10    52 Week Low $7.67 
Day High $155.95    P/E 7.88 
Day Low $153.79    EPS $19.73 
Volume 2,826,272