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Crude oil futures were trading lower Monday morning as market participants closely watched OPEC members and their allies as they began a two-day meeting to discuss their next steps in production policy. Brent and WTI January contracts rallied more than 7% last week and have risen by more than a quarter in November.The rally has been driven primarily by Covid-19 vaccine news in which three giant pharmaceutical companies are likely to deliver the cure to the current pandemic. Steady increase in oil demand from Asia, a weaker US dollar and easing political uncertainty in the US as President-... Read More
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