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ANALYST VIEW-More OPEC+ cuts likely next year, as oil prices...

The Organization of the Petroleum Exporting Countries and allies (OPEC+) are expected to extend or deepen oil supply cuts into next year due to a drop in Brent prices and concerns about non-OPEC supply and softening demand. Saudi Arabia, Russia, and other OPEC+ members have already pledged to cut oil output by about 5 million barrels per day. Analysts predict that OPEC will ensure Brent prices remain in a range of $80-$100 by leveraging its pricing power. The OPEC meeting is expected to extend existing cuts and potentially seek further cuts among OPEC+ peers.

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