BNN: "Oil in New York neared US$90 a barrel as OPEC+ agreed another modest hike in output, allaying fears of a bigger rise in supply from the group. West Texas Intermediate was at the highest level since 2014, after rallying 17 per cent in January. Global benchmark Brent traded near US$89 a barrel, with prices steeply backwardated in a reflection of market tightness."
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