Oil edges higher as Opec sticks to supply cuts

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Despite pressure from US President Donald Trump, the producer cartel remains unmoved

Singapore — Oil prices rose on Wednesday after a report of declining crude inventories in the US and as producer cartel Opec seemed to stick to its supply cuts, despite pressure from US President Donald Trump.

And the group has indicated it will continue to withhold supply despite pressure from Trump this week to stop artificially tightening markets.

 

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