Crude Oil Climbed on Hopes that OPEC/Non-OPEC Cuts Would Extend

Crude oil prices gained modestly as investors were gauging the impacts of the recent hurricanes on US oil production. Meanwhile, they were hopeful that the OPEC/non-OPEC output cut deal might extend beyond March 2018. The front-month WTI contract added +1.24% while the Brent contract climbed +0.11% higher. Precious metals slipped on profit-taking and eased geopolitical tensions.

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