Oil gives up gains even as OPEC+ hammers out supply-cut deal
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NEW YORK (Reuters) - Oil prices dipped on Thursday, giving back an earlier 10% surge as investors awaited details on a massive OPEC supply-cut agreement in response to the global fuel demand collapse due to the coronavirus pandemic. A global lockdown to slow the spread of the coronavirus pandemic has cut fuel demand by about 30%, sending oil prices into free-fall. The Organization of Petroleum Exporting Countries, led by Saudi Arabia, along with allies including Russia - a group known as OPEC+ -..