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Russian President Vladimir Putin said he agreed with Saudi Arabian Crown Prince Mohammed Bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and potentially into early 2020.

The comments, at last week’s Group of 20 summit in Osaka, all but make the outcome of the OPEC meeting July 1-2 in Vienna a foregone conclusion, and further reinforce Putin’s role as the ultimate policymaker within the group.

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