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Oil falls as OPEC ties supply cut to Russia; Moscow said to back limited reduction

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices slid on Friday, pulled down by OPEC's move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd).International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.49 per barrel at 0643 GMT, down 57 cents, or 1 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $50.98 per barrel, down 52 cents, or 1 percent.The declines came after crude ...

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First Published: Fri, December 07 2018. 12:37 IST