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Thursday, October 22, 2020

Oil steady as Russia holds out prospect of output cut extension

Brent crude was off 1 cent at $42.45 a barrel by 0040 GMT having risen 1.7% on Thursday, while U.S. oil was 2 cents lower at $40.62, following a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three.

from Markets-Economic Times https://ift.tt/37wu6Wa
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