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Oil Holds Gain as OPEC, US See Output Cuts Tightening Market

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(Bloomberg) -- Oil steadied after rallying to a 10-month high on forecasts by OPEC and the US that output cuts will tighten the market in the months ahead.Most Read from BloombergApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishThe Mighty American Consumer Is About to Hit a Wall, Investors SayTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiApple’s iPhone 15 Debut Includes Higher Price on Top ModelBP CEO Looney Quits Over Past Relationships With Coll

Best Movies of All Time That You Should Watch ImmediatelyPARIS -Sugar maker Saint Louis Sucre, owned by Germany's Suedzucker, asked French farmers not to increase their beet output in 2024 to avoid a fall in prices amidst hefty competition from Ukrainian sugar, copies of a letter seen by Reuters show.

STORY: BMW will invest $750 million at its UK plants to take its iconic Mini brand all-electric by 2030.That was the announcement from the German carmaker Monday .BMW will make two electric models at its Mini plant in Oxford in central England from 2026.Those models are the Mini Cooper 3-door and the compact crossover Mini Aceman.But from the start of the next decade the facility will make only electric models.

 

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Oil Holds Near Yearly High Ahead of OPEC, US Market Outlooks(Bloomberg) -- Oil held near its highest level this year before reports that may offer further insight into the market’s balances.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMorgan Stanley Sees Dojo Boosting Tesla’s Value by $500 BillionWest Texas Inte
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