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Continued focus on the prospect for increased...>

OIL
OIL: Continued focus on the prospect for increased OPEC+ output cuts has
supported crude in recent sessions, even with soft U.S. data releases & trade
war worries headlining Thursday's session.
- Thursday saw Russian energy minister Novak note that there are no proposals to
lift crude production on the back of the ongoing issues in Venezuela, as he also
revealed that Moscow's planned February production cuts will exceed
expectations.
- WTI last trades $0.30 higher, with Brent $0.40 better off.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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