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Oil firms on drop in US crude stocks, market awaits OPEC/Russia supply decision

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - U.S. oil prices stabilised on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.U.S. West Texas Intermediate (WTI) crude futures were at $51.61 per barrel at 0037 GMT, 12 cents above their last close.WTI was supported by drop in U.S. commercial crude inventories , which fell by 7.3 million barrels in the week to Nov. 30, to 443.16 million barrelsInternational Brent crude oil futures had yet to ...

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First Published: Fri, December 07 2018. 06:38 IST
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