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Crude oil market inched higher on potential OPEC+ production adjustments

Crude oil market inched higher on potential OPEC+ production adjustments



International benchmarks for crude oil settled slightly higher on Monday, 22 November 2021 on reports that OPEC+ could adjust production plans if major oil consuming countries release reserves and the COVID-19 outbreak in Europe worsen.

Brent gained 81 cents to close at $79.70/barrel.

WTI increased 81 cents to close at $76.75/barrel.