Oil prices stabilize

Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices.
Estelle de Bruyn
Brent crude futures LCOc1, the international benchmark for oil prices, were trading at US$55.63 per barrel at 07:49 GMT Wednesday, up 5 cents from their last close.U.S. West Texas
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