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Oil futures end higher, even as talk of a possible OPEC+ output increase grows

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Oil futures settled higher on Friday, with U.S. prices up more than 3% for the week, buoyed by expectations for higher oil demand, even amid growing expectations that OPEC+ will decide to extend production increases when it meets next week. Even if OPEC+ agrees to raise output in August, “it may prove insufficient to meet the anticipated rise in demand,” said Marshall Steeves, energy markets analyst at IHS Markit.

...read full article on Market Watch

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