nd.
"Amid expectations that OPEC+ will increase its output, the reason oil prices do not fall even more is that some production comeback is actually expected by traders already," said Bjornar Tonhaugen, Rystad Energy’s head of oil markets. The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day of crude back into the market.
Meanwhile, China's factory activity growth slipped to a nine-month low in February, which may curtail Chinese crude demand and pressure oil prices while oil buying from the world's top importer has already eased lately.
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