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Oil prices soar as market awaits OPEC+ decision

Oil prices advanced on Wednesday as investors remain hopeful of OPEC+ decision to delay the scheduled increase in oil output.

Brent crude futures for January rose 22 cents, or 0.5%, to $43.97 a barrel by 07:33 GMT, while US West Texas Intermediate crude for December climbed 6 cents, or 0.1%, to $41.49 a barrel.

Earlier in the session, both benchmarks fell following the American Petroleum Institute report on US crude stockpiles rising by 4.2 million barrels last week. 


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