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Oil trading lower
This morning, New York crude oil futures for WTI fell by -0.93% to $ 42.62 and Brent oil futures were down -0.99% to $ 44.92 per barrel. Thus, the black gold is trading lower on the background of concerns about the glut of world markets, as well as investors booked profits after the nearly 3 percent gain in the previous session. Venezuela's oil minister said that in the near future OPEC and non-OPEC countries will meet, looking for support to revive the oil markets. OPEC officials said that a freeze of production can be on the table at the planned meeting in September. Russia said that sees no reason to freeze production at current levels
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