Oil prices slide after OPEC output decision
By Sam Lee
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OPEC
The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates output; OPEC+ also includes allies such as Russia.
Its production decisions move global oil prices and fuel costs.
More about OPECCrude oil
Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.
Oil prices feed into fuel, transport and goods costs, and so into inflation.
More about Crude oil
