November 14, 2016 4:49 PM

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Oil pinned near three-month lows <br/>

Global crude oil prices held steady around three-month lows, today, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump&apos;s surprise victory in last week&apos;s U.S. presidential election has undermined much of the commodities complex, including oil. So Brent crude futures lost 2 cents, to 44.73 dollars a barrel. US crude was down 6 cents, at 43.35 dollars a barrel. OPEC plans to cut or freeze output, but analysts doubt the group&apos;s ability to reach an agreement at its meeting on November 30. The Organization of the Petroleum Exporting Countries has said its output hit a record 33.64 million barrels per day in October.

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