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The president tweeted and the world's media rushed out news reports on Sunday that a deal had been reached between Saudi Arabia, Russia, OPEC and the U.S., a deal that would reduce oil output by nearly 10 million barrels a day to support prices and save oil-producing countries' budgets.
According to The New York Times, the final reduction figure was in the region of a 9.7 million barrels because Mexico held out against a full 400,000-barrel cut and would only accept 100,000.
That aside, there seemed to be widespread agreement