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Oil Prices Climb On Expectations Of An OPEC+ Production Cut ...Middle East
Trader expectations that OPEC and its partners will approve production cuts at next week’s meeting added upward pressure to oil prices early on Friday morning, letting benchmarks recoup some of the losses incurred earlier in the week. Both Brent crude and WTI had gained close to 2 percent at the time of writing, with Brent crude trading at $94.10 per barrel and WTI at $88.19 per barrel. The idea of production cuts by OPEC+ producers was floated last month by Saudi Arabia’s energy minister, Abdulaziz bin Salman who said the paper market…
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