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Traders will also closely watch a quarterly meeting of the Organization of Petroleum Exporting Countries on Thursday. Some members of the cartel have suggested recently that OPEC is producing too much crude, and the group could decide to cut supplies to help boost prices. In other energy trading, heating oil was down 1.9 cents at $2.62 per gallon while gasoline futures fell 2.2 cents to $2.63 per gallon. Natural gas dropped 3.0 cents to $2.19 per 1,000 cubic feet.
[Associated
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