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Futures Movers: Oil prices flatten out as investors ponder what’s next after OPEC meeting

Oil prices straddled the flat line on Monday, and gave up some of the gains seen ahead of the close in the U.S. on Friday, as the post-OPEC environment continues to develop.

Crude futures slumped nearly 5% on Thursday after the production-cut deal led by the Organization of the Petroleum Exporting Countries was extended by nine months but not deepened–disappointing some who anticipated output cuts would increase. Oil, though, finished up nearly 2% Friday thanks to the late U.S. gains.

Because of holidays Monday in China, the U.K. and the U.S., trading is set to be thin throughout Monday’s global session.

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