05 October 2017, London — Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “Oil news is contradictory,” said Carsten Fritsch, an analyst at Commerzbank in Frankfurt. “OPEC and Russia are …
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Oil steady as talk of new OPEC deal balances U.S. exports
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