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Oil steadies on dim OPEC demand outlook, pares gains from Gulf of Mexico storm

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland
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NEW YORK (Reuters) - Oil prices steadied on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut nearly a third of their output in the Gulf of Mexico ahead of what could be one of the first major storms of the Atlantic hurricane.Brent crude futures fell 23 cents to $66.78 a barrel by 12:59 p.m...
Date Published: Jul 11, 2019
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