The OPEC meeting to decide on its crude production level is still ongoing and feelers are that members are yet to agree on output cuts.
The 15-member organization is holding talks in Vienna, Austria, with allied oil-producing nations led by Russia.
OPEC and its allies are poised to debate the terms of price-boosting supply cuts on Friday, after the influential oil cartel failed to reach a consensus over production policy for the first time in almost five years.
Failure to agree on production cuts come after deep divisions in the energy alliance were laid bare at a closely-watched meeting on Thursday.
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