Oil prices steady but set for weekly gain on supply cut optimism

FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

SINGAPORE (Reuters) – Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world’s second-largest crude user. Brent crude futures LCOc1 fell 9 cents to $56.25 a barrel by 0234 GMT, […]

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