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OPEC+ may extend output cuts until June if March meeting is postponed – TASS

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, could postpone the next policy meeting from March to June and extend the output cut agreement until June if the meeting is postponed, Russian news agency TASS reported, citing sources with knowledge of the matter.

The barrel of West Texas Intermediate (WTI) inched higher on this headline and was last seen trading at $58.45, adding 0.7% on a daily basis while the barrel of Brent was up nearly 1% at $64.85.

WTI looks to snap seven-day losing streak, trades around $58.30 ahead of API

The de-escalation of the US-Iran conflict last week and heightened hopes of a ceasefire in Libya weighed on crude oil prices and forced the barrel of
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USD/INR holds below 71.00, but still positive for the day

The USD/INR rebounded today after hitting five-week lows at 70.71. The recovery found resistance under 71.00 and as of writing trades around 70.85, fa
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