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Oil futures declined on Monday, but finished above the session’s lows, as traders weighed prospects for further production cuts by the Organization of the Petroleum Exporting Countries and its allies — known together as OPEC+ — when they meet later this week.
Price action
Market drivers
The OPEC+ meeting will likely be the week’s most impactful event, “not just because any decision could have direct consequences for price and therefore inflation, but also due to the meeting already being pushed back by four…
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