Oil dips as Russia needs time to mull more OPEC+ supply cuts
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NEW YORK (Reuters) - Oil prices edged lower on Friday as Russia said it needed more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand. Oil was on track for its fifth straight weekly decline, as speculators have backed away due to weaker consumption figures and expectations that the virus, which has killed more than 600 people, will remain a drag on demand.Brent crude futures lost 30 cents to $54.63 a barrel..