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Google won’t raise employee pay to match inflation


OPEC+ output hike gamble pays off as oil prices recover

The gamble taken by OPEC and its allies, under pressure from top oil consumer the United States, to raise oil output in January despite its own forecasts of oversupply, appears to be paying off as prices stabilise. Oil has steadied around $75 a barrel as market participants brush off concerns of a glut, in part because they don’t believe the Organization of Petroleum Exporting Countries and its allies can reach their new output target and demand is still expected to rise. Heading into its Dec. 2 meeting, OPEC+ had every reason to lower supply.

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