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Oil prices static on uncertainty over planned production cut

An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016.

Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets.

International Brent crude oil futures LCOc1 were trading at $48.90 at 0209 GMT, down 5 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.94 per barrel, down 2 cents from their last settlement.

Traders...


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