Oil prices advanced to the highest level in months on Wednesday, as expectations that OPEC will decide to extend its production-cut deal, outweighed pressure from a third-straight weekly jump in U.S. crude supplies and a hefty rise in production.
U.S. benchmark October West Texas Intermediate crude rose 87 cents to $50.35 a barrel on the New York Mercantile Exchange.
It is heading for its highest settlement since late May.
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