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Wednesday, 28 December 2016

Oil prices edge down ahead of OPEC, non-OPEC production cuts | Reuters

Oil prices edge down ahead of OPEC, non-OPEC production cuts | Reuters:
"Oil prices edged down on Wednesday as the market waits to see how OPEC and non-OPEC members carry through on planned supply cuts in the new year.

International Brent LCOc1 crude futures were trading down 7 cents, or 0.12 percent, at $56.02 a barrel at 0722 GMT (2.22 a.m. ET) after closing the previous session up 93 cents.

U.S. benchmark West Texas Intermediate (WTI) crude oil prices CLc1 were down 8 cents at $53.82 per barrel after settling up 88 cents at $53.90 a barrel in the previous session."

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