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US crude settles down 19 cents at $46.67 as prospect of OPEC output cut dims - CNBC
Reuters | US crude settles down 19 cents at $46.67 as prospect of OPEC output cut dims CNBC 27 its first production cut in eight years to reign in a global oil oversupply. Brent hit one-year highs and WTI 15-month peaks in early October as OPEC kingpin Saudi Arabia talked up the plan, inviting non-member producers such as Russia to make cuts too. Oil up on dollar, OPEC limits rise; gasoline jumps on line explosion Oil Prices Rise Following Pipeline Closure in Eastern US The 'Smart Money' Has Been Building A Large Short Position In Crude Oil |
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