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Oil inches up, all eyes on OPEC+ meeting outcome
Oil prices were little changed on Thursday as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024.
Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.
Meanwhile, U.S. West Texas Intermediate crude futures crept up 55 cents at $78.41 a barrel.
Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.
Meanwhile, U.S. West Texas Intermediate crude futures crept up 55 cents at $78.41 a barrel.
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