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Russia reduced December crude output by the most since cuts started

Russia reduced December crude output by the most since cuts started

News
Adam Button
09/01/2024 | 16:30 GMT
  • Russia pumped 9.57 million bpd

Russia appears to be delivering on promised production cuts.

Oil dipped from a high near $73 to back down below $72 but shortly before these headlines, oil began to rally again, perhaps with the help of the improving risk trade.

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