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Latest Oil Market News and Analysis for Nov. 20 - Bloomberg

Bloomberg · last updated

Latest Oil Market News and Analysis for Nov. 20 - Bloomberg

Oil Steadies After Two-Day Swing as Countdown to OPEC+ Begins

- Alliance set to gather at weekend amid oversupply concerns
- Brent steadies below $81 a barrel following volatile trading

Oil steadied after a two-day swing as investors looked ahead to an OPEC+ meeting on supply that will shape market balances into 2024.

Global benchmark Brent steadied near $81 a barrel after rallying by more than 4% on Friday following a plunge of a similar magnitude the day before. West Texas Intermediate traded just below $76 after also having a volatile ride.

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