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Oil markets creep higher on supply pact expectations

Reuters  |  LONDON 

By Nina ChestneyLONDON (Reuters) - Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month.Brent crude was at $64.22 a barrel at 1017 GMT, up 27 cents from the previous close and 43 cents off a more than two-year high of $64.65 reached this week.U.S. West Texas Intermediate (WTI) crude was at $57.26, up 9 cents and also not far from this week's peak of $57.92, its highest in more than two years.The higher prices are a result of efforts led by the Organization of the Petroleum Exporting ...

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First Published: Fri, November 10 2017. 16:41 IST
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