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Crude oil futures end in red on Friday
India, Nov. 30 -- Crude oil futures ended deeply in red with loss of over five percent on Friday as the much-anticipated approval of a production-cut extension at next week's Organization of Oil Exporting Countries (OPEC) meeting grew more doubtful following speculative reports. Saudi Arabia probably will indicate it is no longer willing to compensate for excessive production by other members of the OPEC. Further, Russian Energy Minister Alexander Novak said he would prefer if OPEC and its non-OPEC allies made a decision closer to April on whether to extend their now three-year-old production coordination pact. Russia is considered to be part of OPEC+ with its role as a major producer and policy-influencer, although it is not officially in ...
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