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Futures Movers: Oil slips as investors await OPEC data

Oil prices edged lower Monday, with investors set to digest key numbers from the Organization of the Petroleum Exporting Countries this week that will give further clues on supply and demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG7, -0.19% slipped 12 cents, or 0.2%, to $52.25 a barrel. March Brent crude LCOH7, -0.07% on London’s ICE Futures exchange shed 11 cents to $55.40 a barrel.

The primary driver in oil markets remains the deal struck by OPEC members and several other large producers to cut output. So far, the accord has been adhered to, as energy giants like Saudi Arabia and Russia ease back their output.

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