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Oil prices stall ahead of US stocks data, potential OPEC+ cuts
![IndiaTimes]()
Wednesday, 22 November 2023
Oil prices remained relatively stable in Asian trade as the market awaited news on the supply front. The OPEC+ producers group is expected to discuss output cuts, while US crude stocks are forecasted to show a significant build-up. Both Brent crude futures and US West Texas Intermediate crude futures have fallen for four consecutive weeks, reflecting growing concerns about the demand outlook. Investors are cautious ahead of the OPEC+ meeting, where additional supply cuts may be considered.
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Wednesday, 22 November 2023
