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Global News

Oil prices ease as major producers signal higher output

Benchmark crude fell for a third straight session, offering relief to importing countries including India.

Oil prices ease as major producers signal higher output

Representative image. Photo: RTV News

Global crude prices slipped for the third day in a row after major producers indicated they would raise output from next month.

Analysts said lower prices would help importing nations manage inflation, though they warned that supply decisions can change quickly.

Benchmark crude fell for a third straight session, offering relief to importing countries including India.

Fuel retailers in India have not yet announced any change in pump prices.

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