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Oil prices slip as wary traders eye upcoming OPEC+ meeting
June 1, 2020
Source: Reuters

Oil prices slip as wary traders eye upcoming OPEC+ meeting

Oil prices fell by 1%, as traders hedged bets with the OPEC considering a meeting around end-June. Brent crude fell to $37.50, on the first day of trading in the contract with August as the front month. WTI crude futures for July delivery were at $35.17. Saudi Arabia plans to extend cuts from May and June until the end of the year, but has yet to win support from Russia.

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