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OILexitUSOil H4 11 12 2019 1000

Citing three sources familiar with talks, Reuters on Tuesday reported that Russia was unlikely to agree to deepen additional oil output cuts at the Organization of the Petroleum Exporting Countries' (OPEC) meeting in Vienna on December 5th.

Crude oil prices came under renewed bearish pressure on these comments and the barrel of West Texas Intermediate was last seen trading at $55.15 (-0.1%). 

 

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