RIYADH: Oil prices moderated very slightly on Wednesday after gaining more than 3 percent in the previous session ahead of a meeting of the Organization of the Petroleum Exporting Countries and allies led by Russia, together called OPEC+, to discuss a big cut in crude output.
Traders said a stronger dollar was the main reason for the slightly easier prices, as it reduced demand from buyers using other currencies.
Brent crude fell 22 cents, or 0.2 percent, to $91.58 a barrel at 0427 GMT, after climbing $2.94 in the previous session.
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