Oil falls as high inventories outweigh likely OPEC cuts | Reuters:
Oil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week.
Both international oil benchmarks, North Sea Brent LCOc1 and U.S. light crude CLc1, have had their weakest month for more than 10 years in November, losing more than 20 percent as global supply has outstripped demand.
Brent was down 85 cents at $58.66 a barrel by 1210 GMT.
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