News Briefs

The Wall Street Journal reports that OPEC has tentatively agreed to boost production by 600,000 barrels per day. The production boost comes as recent production outages in Venezuela and Libya have driven oil prices above $75 a barrel. WSJ

The New York Times reports that the European Union has placed retaliatory tariffs on $3.2 billion of U.S. goods. The tariffs, which come after recent U.S. tariffs on European steel and aluminum, apply to goods such as bourbon, motorcycles, and orange juice. NYT