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Oil prices slipped on WednesdayOil prices slipped on Wednesday |
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International benchmarks for oil prices slipped on Wednesday (1 June) ahead of OPEC meeting as analysts do not expect the 13-nation cartel will announce any measure to reduce output when Iran still intent on pushing output higher.
WTI closed at $49.01/barrel (-$0.09) July delivery
Brent closed at $49.72/barrel (-$0.17) August delivery