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Oil prices tread water ahead of OPEC meeting

June 2, 2016

Via: CNBC

Oil prices were steady on Thursday on mixed market signals ahead of an OPEC meeting in Vienna, which analysts said was not expected to result in restrictions on crude output.

International Brent crude oil futures were trading at $49.75 per barrel at 0657 GMT, up 3 cents from their last settlement, while U.S. West Texas Intermediate (WTI) crude was down 6 cents at $48.95 a barrel.

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