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Quick 50 cents spike in WTI

OIL

So a quick 50 cents spike higher in WTI following OPEC+ sources noting that Saudi Arabia and Russia have reached a deal on raising Oil output.

"Deal will likely include Monthly increase of less than 0.5mln BPD until December 2021".

"Likely to ease output cuts by circa 2mln BPD between August and Dec". (as per Reuters).

Next stop at 12.00BST/07.00ET, OPEC Leaders deliver opening statement .

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