Oil settles lower on weak demand despite OPEC+ cut extension

Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent futures settled down 75 cents to $82.80 a barrel, while U.S. West Texas Intermediate (WTI) settled down $1.24, or 1.5 percent, to $78.74 a
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