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Oil steadies but threat of higher supply curbs gains

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil prices steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a key meeting next week of the world's largest exporters.Brent crude futures were last up 6 cents at $76.80 a barrel by 0915 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 12 cents at $66.76 a barrel. "At OPEC's meeting in a good week's time, Saudi Arabia apparently plans to make several proposals that all boil down to increasing production on a one-off or gradual basis by ...

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First Published: Thu, June 14 2018. 15:20 IST
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