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- Wires report that OPEC+ have agreed to proceed with plans in January to go ahead with a 400,000 bpd output rise, running against expectations that the group could put pause to lifting output in the face of spiralling prices.
- The decision has dragged WTI and Brent crude futures prices, pressuring WTI well through the week's lows and adding a solid anchor to equities prices as well as commodity-tied currencies.
- e-mini S&P now approaching the week's lows printed yesterday at 4497.75.