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Oil Set for Weekly Gain as OPEC+ Meets to Discuss Extending Cuts

Friday, 15 March 2019 19:06 WIB Minyak WTI brent oil Oil, Crude Oil

Oil headed for a second weekly gain as the world’s top crude producers are scheduled to discuss extending their pledged output curbs to avert a global glut. Futures in New York traded near a four-month high, on course for a 4.4 percent weekly advance. OPEC’s secretariat urged producers to continue efforts to prevent a surplus this year, ahead of a weekend gathering of the cartel and its allies. A surprise drop in U.S. crude inventories reported on Wednesday added to signs of a tightening market. West Texas Intermediate for April delivery climbed as much as 34 cents to $58.95 a barrel on the New York Mercantile Exchange, and traded little changed at $58.57 as...

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Precious Metals

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CURRENCIES

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