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Oil Edges Higher on Upbeat Chinese Economic Data and Rising Geopolitical Risk
OPEC crude oil production capacity has expanded for two consecutive months, with the narrative of 'overcapacity' sweeping the oil market.
In November, the daily production increased by 0.12 million barrels; under pressure from allies, Iraq has been reducing production for three consecutive months.
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Crude Oil Trades Stuck in Tight Range Ahead of Crucial OPEC+ Meeting
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