Oil prices inch higher

Oil prices inched up on Wednesday, supported by hopes that OPEC and allies may deepen their production cuts in December, while weakening global economic and oil demand outlook continues to weigh on prices.   
West Texas Intermediate Crude was up 1.34% at US$53.52 per barrel, while Brent Crude was trading up 1.19% at US$59.44 a barrel.  

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