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Oil Prices Extend Gains as OPEC+ Considers Deeper Supply Cuts
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Commodity and Currency Closing Prices
Overview
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Oil prices extend gains as OPEC+ considers deeper supply cuts. Brent crude futures rise to $80.72 a barrel, while WTI gains to $75.97 a barrel. Goldman Sachs suggests deeper cuts should not be ruled out due to lower speculative positioning and higher inventories.
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How might deeper supply cuts impact oil prices?
What are the potential implications of disruptions in Russian crude oil trade and gasoline exports?
What factors are contributing to the decline in oil prices?
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