Crude oil prices gained further on Thursday in the backdrop of the OPEC+ meeting deliberating on supply cuts. The unexpected rise in crude oil inventories in the U.S. limited gains.
Reuters quoted two OPEC+ sources to report that the group of OPEC and allies have agreed to a preliminary oil cut deal of over 1 million barrels per day. According to the report, the sources also expect the cut to include Saudi Arabia extending the voluntary cut of 1 million barrels per day plus additional contributions from other members.
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