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OPEC's oil price surpassed the 80 dollar barrier for the first time since 2018, after the oil organization and its allies decided to keep production limited, OPEC reported today.

The barrel was traded at 80.43 dollars on Tuesday, 2.8% more than in the Last day.

This rise to the highest level since October 10, 2018 came a day after OPEC and its allies decided, in a conference call, to leave unchanged the current plan to gradually and moderately increase oil supplies.

Led by Saudi Arabia and Russia, the 23 member countries of the alliance known as "OPEC+" have confirmed that in November they will add only 400,000 barrels a day of oil to the market, as they had already agreed in July. Read More