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Monday, November 18, 2024

Oil prices climb as Saudi Arabia, Russia confirm extension of output cuts (updated)

Oil prices end higher as Saudi Arabia, Russia confirm extension of output cuts

By Myra P. Saefong and William Watts, Market Watch 

Oil futures finished Monday with a modest gain after Saudi Arabia and Russia, as expected, confirmed they would extend production cuts through the end of December.

Investors continued to monitor the Israel-Hamas war for potential spillovers that could affect crude supplies.

More here >

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