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Oil prices slip despite expected OPEC extension of output cuts - Reuters
Reuters | Oil prices slip despite expected OPEC extension of output cuts Reuters The OPEC-led deal helped lift oil from the $30 to $40 per barrel range in late 2016/early 2017. But traders say supplies remain ample despite these cuts, thanks in large part to surging U.S. production. As a result, OPEC is widely expected to extend ... Three factors could crush hopes for a higher oil price, IEA says IEA sees steady oil prices in 2018 on rising demand, non-Opec supply Oil Pares Gains After Industry Data Shows Crude Stocks Rising |
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