Oil steadied near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market.
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Oil Rallies to Highest Since November on OPEC+ Supply Reductions(Bloomberg) -- Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing Ukraine Defense Chief in RevampTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneWest Texas In
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Oil rises on China, US economic data and OPEC+ cut expectationsOil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. On the demand side, China's manufacturing activity unexpectedly expanded in August, data from Caixin's manufacturing PMI survey indicated, leading to renewed optimism about the economic health of the world's largest oil importer.
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Oil Rallies to Highest Since November on OPEC+ Supply ReductionsOil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market.
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Oil rises on China, US economic data and OPEC+ cut expectationsBEIJING (Reuters) - Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as ...
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Oil stable on prospect of extended OPEC+ supply cutsBrent crude futures for November crept 23 cents higher to $88.78 a barrel by 1407 GMT. U.S. West Texas Intermediate crude (WTI) October futures rose 22 cents to $85.77
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Oil Holds Advance as Traders Wait for Next OPEC+ Move on SupplyOil traded near the highest level since mid-November after a surge driven by supply cuts from OPEC+ that have tightened the market.
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