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OPEC+ agreed to impose deep output cuts of 2 million barrels per day starting in November, expecting to spur a recovery in crude prices, despite calls from the U.S. to increase production to prop up the global economy.
The European Union has approved the eighth round of sanctions against Russia because of its actions in Ukraine.
Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, decreased by 7.48% last month.