Oil prices rally on hopes of deeper production cut as traders monitor OPEC+ meeting

Oil prices rally on hopes of deeper production cut as traders monitor OPEC+ meeting

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Oil futures rose Thursday as investors awaited the outcome of an online meeting of OPEC+ members that news reports said may produce a round of deeper production cuts for early 2024. • West Texas Intermediate crude for January delivery CL00, CL.1, CLF24, rose $1.35, or 1.8% to $79.25 a barrel on…

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