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OPEC cut doubts put oil on track for biggest weekly drop in a month - The Globe and Mail
Reuters | OPEC cut doubts put oil on track for biggest weekly drop in a month The Globe and Mail Oil held near $53 a barrel on Friday, but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market. Brent futures were at $53.01 a barrel at 1107 GMT, up 2 cents ... Oil dives, US crude below $50 for first time in two weeks Oil prices headed for first weekly loss in a month Oil market still seeking to rebalance as US output grows |
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