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Oil drops following a record surge last week, as OPEC meeting on a production cut is delayed

Oil prices dropped during early morning trading on Monday after OPEC+ announced it was delaying its meeting, initially scheduled for Monday, stoking fears on Wall Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 2.86% to trade at $27.53 per barrel, while international benchmark Brent […]

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