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U.S. oil futures mark first climb in three sessions

“U.S. benchmark oil futures settled higher on Monday for the first time in three sessions, getting a lift following a report that the Organization of the Petroleum Exporting Countries and its allies may agree later this week to deeper production cuts” writes Markets Commodities Reporter for marketwatch.com. Against that backdrop, January West Texas Intermediate oil CLF20, +1.50% tacked on 79 cents, or 1.4%, to settle at $55.96 a barrel on the New York Mercantile Exchange. Prices posted losses on Wednesday and Friday, with trading closed Thursday for the Thanksgiving holiday.
Source: marketwatch.com

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