SINGAPORE (Reuters):Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ producers were underwhelming.
Brent crude futures for February rose 6 cents, or 0.1%, to US$80.92 a barrel by 0820 GMT. US West Texas Intermediate crude futures rose 17 cents, or 0.2%, to US$76.13.
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