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Commodities Corner: OPEC+ committee expected to take ‘wait-and-see’ approach on output as oil prices reflect ‘new normal’

Prices for oil have stuck to a tight trading range since early July, with both U.S. and global benchmark crude futures holding ground above the $40-a-barrel mark—a credit to cuts in crude output by major producers who are set to discuss the latest developments and challenges in the market next week.

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