Mumbai, March 21 -- WTI crude oil futures are steadying at a two-week high above $68 per barrel mark on Friday morning in Asia amid fresh US sanctions against Iran and plan to cut production by the OPEC+ pointed to tighter supplies in the coming months. The Organization of Petroleum Exporting Countries and allies said on Thursday that seven of its member states will cut output to make up for recent production increases. The plan will entail monthly cuts of between 189,000 and 435,000 barrels per day, and will last until June 2026. Besides, China stimulus measures to boost consumption in top importing country also supported oil prices. Currently, the counter us quoting at $68.37 per barrel, up 0.46% on the day and is set for a weekly gain of...
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