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U.S. West Texas Intermediate crude dipped 90 cents, or 1.2%, to $76.20, after declining as much as 5% in the previous session. In a surprise move, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said.

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