Brent Edges Higher Af­ter Rus­sia In­di­cates Larger Out­put Cut


LON­DON (Dis­patches) - Brent oil fu­tures edged higher on Fri­day af­ter Rus­sia seemed likely to con­trib­ute a big­ger out­put cut to an OPEC and non-OPEC deal, but Saudi Ara­bia voiced pes­simism on whether an agree­ment could be reached as Iran in­sisted on an ex­emp­tion.

In­ter­na­tional Brent crude oil fu­tures fell be­low $60 per bar­rel in early trade, but firmed to $60.17 a bar­rel, up 11 cents from the close. U.S. West Texas In­ter­me­di­ate crude fu­tures were down 18 cents at $51.3 per bar­rel.

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