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Oil prices steady as producers efforts to hold back output
Aug. 21, 2020
Source: Reuters

Oil prices steady as producers efforts to hold back output

Oil prices held steady on Friday. Brent crude was up 0.1%, at $44.95 per barrel. U.S. WTI was unchanged at $42.82 per barrel, but on track for about a 2% rise for the week. Prices were on track for a third consecutive weekly gain as major oil producers’ are making efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic.

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