Oil stable as OPEC's cuts bite, although bloated market still weighs | Reuters:
"Oil prices were stable on Monday on signs that OPEC-led production cuts were reducing global overproduction, although bloated inventories and rising output elsewhere were weighing on markets.
Brent crude futures were trading at $56.72 per barrel at 0752 GMT, up 2 cents from their previous close.
West Texas Intermediate (WTI) crude futures were down 2 cents at $53.84 a barrel."
'via Blog this'
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