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OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. "OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," Iranian Oil Minister Bijan Zanganeh was quoted by Iran's SHANA news agency as saying, without giving details. OPEC's informal meeting in Algeria was still continuing after five hours.
Sam Allardyce admitted an "error of judgement" on Wednesday after his one-game career as England manager came to a humiliating end following controversial comments made to undercover reporters. "Entrapment has won on this occasion and I have to accept that," Allardyce told reporters outside his home in Bolton, northwest England. "Unfortunately it was an error of judgement on my behalf and I've paid the consequences," he added the morning after he was forced out following a mere 67 days in charge of England.