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Oil prices rise as traders weigh upcoming OPEC+ decision, unexpected weekly climb in crude inventories

Oil futures headed higher, finding support ahead of Sunday’s OPEC+ decision on production levels, even as U.S. government data reveal an unexpected weekly rise in domestic crude supplies.

Oil is coming off a large May tumble, tied to worries about the global economic outlook.

Price action

Supply data

Overall, the U.S. petroleum…

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