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US$81 a barrel
- Oil edged higher after a string of losses as the market weighed the possibility of deeper output cuts from OPEC+. Brent crude traded near US$81 a barrel, reversing losses from previous sessions, with prices effectively treading water before a meeting of the producer group later in the week.
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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
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