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The Crude Oil Rises More than 1% After Moderate Increase of Production by the Opep+
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Opep+ agreed to raise its pumping targets for November by 137,000 barrels per day, in the face of growing concerns about an imminent oversupply in the oil market
·Bogotá, Colombia
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Oil prices rose by more than 1% on Wednesday, helped by a lower-than-expected increase in production by the group of OPEC+ producers next month, although oversupply concerns limited profits.At 3:45 a.m. CDMX time, Brent's futures earned 82 cents, or 1.3%, up to $66.27 a barrel, and West Texas Intermediate (WTI)'s improved 85 cents, or 1.4%, to $62.58.
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