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oil price stabilized on Wednesday. Les
investors assess the optimism generated by a meeting between
leaders of the main consumers, the United States and China, in the face of a
Expected increase in production quotas at the next meeting of
OPEC+.
The price of Brent was up 11 cents, or 0.2%, at 64.51 dollars per barrel at 10:20 GMT, while the price of West Texas American Intermediate gained 6 cents, or 0.1%, to $60.21.
The expected drop in crude oil inventories and
Fuels in the United States last week supported prices. The stocks of
Crude oil fell by 4.02 million barrels during the week
ending on October 24, market sources said, citing Tuesday
figures from the American Petroleum Institute.
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