Crude Headed For 4th Weekly Decline Over Delayed OPEC+ Meet, Record US Output & Rise In Inventories

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Oil held the bulk of a decline after the OPEC+ alliance was forced to delay a critical meeting amid a dispute over output quotas, casting a pall of uncertainty over the group’s production policy for next year.

Global benchmark Brent edged higher to trade near $82 a barrel after dropping 1.3% over the previous two sessions, while US counterpart West Texas Intermediate was below $77 a barrel following the Thanksgiving break.


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