Oil had a stronger session today boyed by expected OPEC+ production cuts. Both benchmarks have plunged for four straight weeks, but started to rebound on Friday, settling 4% higher on profit-taking and after three OPEC+ sources told Reuters that the producer group is set to consider whether to make additional supply cuts when it meets on Nov. 26. “The OPEC commentary signaling further cuts came right on cue,” said John Kilduff, partner with Again Capital LLC. “I would expect any cut would be modest. The Saudis have cut so much production, I don’t know how much more they can do.” WTI traded up $2.39 or 1.8% to close at $77.83. Brent traded up $1.71 or 2.1% to close at $82.32.

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