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Oil futures traded higher on Thursday after the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reaffirmed their previous decision on production levels, and said the group will raise the monthly overall production by 400,000 barrels per day in December. The decision to hold steady to previous production plans was “no surprise to the markets,” said Andy Brogan, global oil and gas leader at professional services network EY.
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