Oil edges down as extended OPEC+ supply cuts highlight weak demand
Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures LCOc1 were down 20 cents, or 0.3%, to $71.89 per barrel at 0910 GMT. U.S. West Texas Intermediate crude futures CLc1 were down 14 cents, or 0.2%, to $68.16 per barrel. For the week, Brent was on track to fall 1.5%, while WTI was on course for a 0.2% gain. The Organization of the Petroleum Exporting Countries and its ...
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