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03.10.2022 / 07:45

Oil Jumps as OPEC+ mulls biggest production cut since pandemic

OPEC+ delegates said a final decision on the size of the cuts won’t be made until ministers gather in Vienna on Wednesday. West Texas Intermediate jumped around 3%, putting prices on track for the first gain in three sessions. “The slide in oil prices is likely over," said Ed Moya, senior market analyst at Oanda Group.

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