OPEC expected to maintain pressure on U.S. oil companies


The Organization of the Petroleum Exporting Countries is expected to maintain or even possibly increase oil production levels Friday, a move that would maintain pressure on struggling U.S. oil companies.

The cartel is meeting in Vienna, Austria, on Friday, and Reuters reported it seems unlikely to cut production, which would have the effect of driving prices up. Instead, OPEC may even raise the ceiling for oil production by 1.5 million barrels per day.

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