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Oil steadies near seven-year high as OPEC+ sticks to output plan

Oil steadies following a decision by OPEC+ to maintain its planned gradual increase of supply, despite the market facing a possible deficit over the next two months.
Photo: ANGUS MORDANT/REUTERS / X06552
Photo: ANGUS MORDANT/REUTERS / X06552
By Sharon Cho, Bloomberg

Oil steadied in Asian trading after rallying to the highest level since 2014 following a decision by OPEC+ to maintain its planned gradual increase of supply, despite the market facing an energy crunch.

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