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Oil prices set for sixth straight weekly fall as OPEC+ cuts underwhelm.

Oil prices extended losses on Friday, and looked set for a sixth straight week of declines, as voluntary oil output cuts agreed by OPEC+ producers fell short of market expectations.

Brent crude futures for February fell 39 cents, or 0.5%, to $80.47 a barrel by 0345 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $75.73.

Brent prices were trading at levels lower than last week’s close, but WTI pared some losses to trade slightly higher than last Friday’s level.

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