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OPEC and allies decide against more increases to oil production amid historic oil, gas rally

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This article is more than 1 year old.

OPEC and its allies have decided against additional increases in oil production as the price of crude oil hits a three-year high.

The surging prices have contributed to inflation and are slowing global recovery from the pandemic.

Here & Now's Jane Clayson speaks with Jill Schlesinger, CBS business news analyst and host of "Jill on Money," about the rally.

This segment aired on October 4, 2021.

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