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Oil Updates – prices stall ahead of US stocks data, potential OPEC+ cuts

LONDON: Oil prices barely moved during Asian trade on Wednesday as the market awaited potentially mixed news on the supply front, with the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, expected to discuss output cuts and US crude stocks forecast to show a big build-up, according to Reuters.

Brent crude futures fell 3 cents, or 0.04 percent, to $82.45 a barrel by 8:00 a.m. Saudi time. US West Texas Intermediate crude futures fell 1 cent, or 0.01 percent, to $77.76.

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