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Scared by looming U.S. anticartel legislation for the oil industry the Organization for the Petroleum Exporting Countries and its allies such as Russia have decided against creating a formal body at least on paper NegativeScared by looming U.S. anticartel legislation for the oil industry the Organization for the Petroleum Exporting Countries and its allies such as Russia have decided against creating a formal body at least on paper http://www.reuters.com/places/africa/article/us-oil-opec-russia/opec-russia-draft-cooperation-charter-offers-no-formal-body-document-idUSKCN1Q01I92019-02-12
Still oil prices have been buoyed this year by output curbs from the Organization of the Petroleum Exporting Countries and its allies including Russia a group known as NegativeNEW YORK Oil prices fell about 1 percent on Monday as worries surrounding the resumption of U.S.China trade talks overshadowed support from OPECled supply restraint http://www.reuters.com/subjects/middle-easthttps://www.reuters.com/article/us-global-oil/oil-prices-fall-1-percent-slow-progress-in-trade-talks-counters-opec-cuts-idUSKCN1Q00132019-02-12