Brent crude was little changed after falling for four of the past five days. OPEC is poised to keep its oil-production target unchanged at its meeting this week, according to a Bloomberg News survey.
Futures earlier rose as much as 0.7 percent in London after China’s Purchasing Managers’ Index registered 51.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday, a result that exceeded 24 out of 26 projections in a Bloomberg survey. OPEC will decide on Dec. 4 whether to keep its output limit at 30 million barrels a day. Brent’s premium to West Texas Intermediate narrowed for a third day after widening to the most in almost nine months.
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