Wednesday, May 23, 2018

Oil dips after rally, OPEC may ease supply curbs

By Naveen Thukral SINGAPORE (Reuters) - Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market. Brent futures dipped 4 cents to $79.53 a barrel by 0006 GMT, after climbing 35 cents on Tuesday. Last week, the global benchmark hit $80.50 a barrel, the highest since November 2014.

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