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Oil prices drop over sudden rise in US stocks

Dec. 2, 2020

Source: Reuters

Oil prices drop over sudden rise in US stocks

OPEC+ has left the market in the state of uncertainty by delaying the decision on January's output. Oil prices dropped on Wednesday over these sentiments and a sudden build in oil inventories in the United States. Brent slipped by 0.9% and was traded at $47.01 a barrel. WTI decreased by 1% and was traded at $44.09 a barrel.

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