Oil prices stabilize after hefty losses

Oil prices stabilize after hefty losses

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Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 per cent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent…

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