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Russia’s Energy Minister Alexander Novak crossed the wires in the last hour, via Reuters, saying that there has been no official proposal to change OPEC+ deal yet neither any information about possible discussions of deeper Oil production cuts at December meeting. It is always possible to tweak OPEC+ agreement, Novak added further.
The comments failed to inspire bullish traders, with WTI Crude Oil prices holding weaker by around 0.50% for the day, just above the $54.00/barrel mark.