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Oil markets stable, but analysts expect high volatility ahead

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil markets were little changed on Friday, supported by ongoing supply cuts and strong demand, although the prospect of rising U.S. shale output capped prices around recent gains.Brent crude futures were at $63.80 per barrel at 0252 GMT, down 13 cents from their last close, but still within $1 of a more than two-year high of $64.65 a barrel reached earlier this week.U.S. West Texas Intermediate (WTI) crude was at $57.02 per barrel, down 15 cents but also not far from this week's more than two-year peak of $57.92 a barrel.Analysts said the high prices ...

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First Published: Fri, November 10 2017. 08:34 IST